The Zacks Analyst Blog URA, URNM, NLR and NLR
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 28 2024
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Source: NASDAQ.COM
Growing Demand for Uranium: The increasing interest in nuclear energy, driven by the shift towards clean energy and rising AI demands, is expected to significantly boost uranium prices and long-term demand, making uranium ETFs an attractive investment option.
Tech Giants Investing in Nuclear Energy: Major companies like Google, Microsoft, and Amazon are entering agreements to utilize nuclear power for their data centers, highlighting a trend of collaboration between tech firms and the nuclear sector to meet energy needs efficiently.
Analyst Views on NLR
Wall Street analysts forecast NLR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NLR 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.
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Current: 151.040
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Current: 151.040
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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.
