"Wall Street Analyst Predicts 40% Upside for Nvidia Stock: Is It a Buy at All-Time High?"

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Source: Yahoo Finance
"Wall Street Analyst Predicts 40% Upside for Nvidia Stock: Is It a Buy at All-Time High?"
Photo: Yahoo Finance
TL;DR

Cantor Fitzgerald analyst C.J. Muse raised Nvidia's price target to $1,200, anticipating a 40% upside, citing the underestimation of the company's software business and the potential of generative AI in data centers. With Nvidia's dominance in the data center and machine learning markets, the stock could be a steal at its current price, especially if it achieves an EPS of $35 next year. However, investors should consider other stock options recommended by The Motley Fool's Stock Advisor service before making a decision.

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