Truist analyst William Stein has raised the price target of NVDA stock to $910 and has a buy rating. The analyst believes that the gaming demand will remain robust and will drive sales.įurther, Rick Schafer, an Oppenheimer analyst has a price target of $925 with an Outperform rating. KeyBanc analyst John Vinh has an Overweight rating with a price target of $950. I am not the only one bullish on NVDA stock. Keep in mind that the industry was fighting a chip shortage and this has had an impact on every company but the revenue numbers of Nvidia show that it can sustain the growth in any business condition. It is enjoying red hot business with data centers, gaming, cryptocurrency mining and AI that drive the revenue growth. The pandemic has not been kind to many tech companies but Nvidia is not one of them. With that in mind, let’s dig deeper into my investment case for NVDA stock. It is hitting new highs every week and the sooner you buy in, the better your chances at making money. There is no stopping the momentum of NVDA stock. The stock is changing hands today at around $860. If you had purchased the stock based on my recommendation at $700, 0n June 9, you would be sitting on gains today. I am bullish on NVDA stock and had recommended a buy when the company announced a stock split.
The stock split had nothing to do with the fundamentals of the company but the stock is up 12% over the past month, a whopping 47% over the last six months, and close to 100% over the past year. It also will become a major player as a provider for the chip industry and will rule the world of AI. Once this deal closes, Nvidia will enjoy a competitive advantage in the industry. The $40 billion transaction has attracted a lot of scrutiny from chip companies and regulators across the world.
0 kommentar(er)
