Nvidia Stock Is Up Over 233% In The Past Year And Tech Bulls Say It Could Go Even Higher From Here: '…You'll See The Stock Double Over The Next Several Years'
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 20 2024
0mins
Source: Benzinga
Nvidia's Market Performance: Nvidia shares closed at $138, with a market cap exceeding $3 trillion, and experts predict potential growth to a $4 trillion valuation due to strong demand for GPU chips and AI investments.
Analyst Optimism: Analysts maintain bullish outlooks on Nvidia, with price targets ranging from $150 to $234.49, highlighting the company's position to capture significant growth in inference computing and its impressive stock performance of nearly 186.5% year-to-date.
Analyst Views on NVDU
Wall Street analysts forecast NVDU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NVDU is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 112.610
Low
Averages
High
Current: 112.610
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
