Reported about 1 year ago
A senior semiconductor analyst from Susquehanna, Chris Rolland, has raised the price target for Nvidia stock from $145 to $160 per share, predicting a gain of over 20%. This increase is driven by the high demand for Nvidia's GPUs for AI applications and plans to introduce new chips annually. Rolland emphasizes the importance of software, especially Nvidia's CUDA toolkit. While the stock's growth potential remains strong, the valuation might be considered aggressive based on a 51.5 times earnings per share ratio in 2025 forecasts. Investors are advised to carefully evaluate whether to invest in Nvidia at its current price level of $130.
Source: YAHOO