Nvidia’s stock reached new highs of $1,200 before a 10 to 1 stock split brought it down to $120. Despite the split, analysts are reevaluating their targets, with some setting $200 as the new threshold.
With a market capitalization of $3.34 trillion, Nvidia is now the most valuable company in the world. As the company continues to develop its data centers and AI-focused chipsets, analysts project long-term growth. Collaboration with companies like super microcomputer and Dell to create an AI supercomputer for Elon Musk’s xAI further supports Nvidia’s growth prospects.
Wall Street analysts are cautiously assigning new price targets and ratings based on Nvidia’s impressive run this year. Stifel analysts increased their price target from $114 to $165, projecting a trade at 40 times projected fiscal 2027 earnings per share of $4.10.
Tigress Financial analyst Ivan Feinseth maintains a “buy” rating on Nvidia stock with a $170 price target, emphasizing the company’s advancements in GPU technology and product innovation. Wells Fargo analysts also raise their price target on NVDA shares from $125 to $155.
Rosenblatt Securities has the most bullish thesis on Nvidia stock, increasing their price target from $140 to $200. They credit Nvidia’s product cycles with significant market share gains and anticipate future software advancements to positively impact Nvidia’s valuation.
Analysts project Nvidia to achieve EPS of $5.00 or higher by 2026, supporting their high price targets. Investors looking to buy stocks can consider using the eToro platform, but should be aware that investing is speculative and carries risks.
Overall, Nvidia’s strong performance and ongoing developments in data centers and AI technology have positioned the company for continued growth and increased market valuation. Wall Street analysts are closely monitoring Nvidia’s progress and adjusting their price targets accordingly to reflect the company’s potential.
Article Source
https://finbold.com/heres-when-nvidia-stock-will-reach-200-according-to-analysts/