Following Nvidia's groundbreaking achievement of a $4 trillion market cap, analysts remain optimistic about the stock's future growth. With 87% of analysts rating it a buy, the chipmaker is seen as a leading player in AI technologies, favored by major companies. Three notable analysts upgraded their ratings to buy post-record valuation, with price targets indicating further stock appreciation ranging from 8.1% to 17.4%. Nvidia's fundamentals suggest it is not overpriced, reinforcing investor confidence in its financial performance and growth trajectory.
After the chipmaker powered its way to a $4 trillion valuation, analysts still see room for the stock to grow. The upside for Nvidia remains incomplete.
Of the 79 analysts who currently follow Nvidia, 69 rate it a buy, leading to an 87% buy rating among analysts, indicating strong market support.
Despite Nvidia's valuation, its fundamentals don't point to an expensive or overpriced stock, suggesting continued investor confidence and potential for further appreciation.
The price targets from analysts ranged from $175 to $190, implying growth of between 8.1% and 17.4% for Nvidia stock from the recent market price.
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