Reported 12 months ago
Nvidia's stock price has recently dipped from its peak but one analyst, Joseph Moore from Morgan Stanley, believes it will rebound and surpass its all-time high. Moore raised his price target for Nvidia from $116 to $144 per share based on projected increase in earnings per share for next year. Despite recent corrections, strong demand for Nvidia's products in markets like China and Taiwan, as well as upcoming product launches, indicate a promising future for the company, making it a recommended buy.
Source: YAHOO