Nvidia Stock Soared 239% in 2023, and 1 Wall Street Analyst Says It Could Rise Another 60% This Year
Posted: Wed Mar 20, 2024 1:58 pm
Nvidia Stock Soared 239% in 2023, and 1 Wall Street Analyst Says It Could Rise Another 60% This Year
Read more here:
https://finance.yahoo.com/news/nvidia-s ... 00729.html
When it comes to the artificial intelligence (AI) narrative, "Magnificent Seven" stocks Microsoft, Apple, Amazon, Alphabet, Meta Platforms, Tesla, and Nvidia (NASDAQ: NVDA) always seem to find their names in the spotlight.
Among this peer set, Nvidia might stand out the most. Demand for the company's A100 and H100 semiconductor chips is off the charts, and its data center services are leaving competition in the dust. Investors cheered Nvidia stock in 2023 as the company set record after record in each quarterly report.
But even with shares surging 239% last year, many Wall Street analysts think the company's best days are ahead. However, among the long line of bullish analyst calls, one sticks out from the pack.
Hans Mosesmann of Rosenblatt Securities recently placed a $1,400 price target on Nvidia stock -- implying nearly 60% upside.
Read more here:
https://finance.yahoo.com/news/nvidia-s ... 00729.html
When it comes to the artificial intelligence (AI) narrative, "Magnificent Seven" stocks Microsoft, Apple, Amazon, Alphabet, Meta Platforms, Tesla, and Nvidia (NASDAQ: NVDA) always seem to find their names in the spotlight.
Among this peer set, Nvidia might stand out the most. Demand for the company's A100 and H100 semiconductor chips is off the charts, and its data center services are leaving competition in the dust. Investors cheered Nvidia stock in 2023 as the company set record after record in each quarterly report.
But even with shares surging 239% last year, many Wall Street analysts think the company's best days are ahead. However, among the long line of bullish analyst calls, one sticks out from the pack.
Hans Mosesmann of Rosenblatt Securities recently placed a $1,400 price target on Nvidia stock -- implying nearly 60% upside.
