NVIDIA’s stock has been on the rise, with the consensus price target reaching $200 per share, as per Rosenblatt Securities. This upgrade is driven by the potential of the chipmaker’s new Blackwell, Rubin, and Hopper series chips to capture a larger market share in high-computing. If successful, NVIDIA could potentially reach $5 earnings per share by 2026, leading to a valuation of around 40 times earnings. Analysts are optimistic about the company’s future prospects, especially in the high-margin market. However, the sustainability of these projections and the impact of AI on NVIDIA’s recent performance remain uncertain. Nonetheless, the market is bullish on NVIDIA, with many analysts backing its growth potential. Chris MacDonald, an experienced investor, does not hold any positions in NVIDIA.
Article Source
https://investorplace.com/2024/06/rosenblatt-just-set-a-new-street-high-price-target-on-nvidia-nvda-stock/
Rosenblatt Sets Record High Price Target for Nvidia (NVDA) Stock
