Nvidia Stocks: Analyst Raises NVDA Price Target Amid Market Records
Nvidia Stocks on the Rise
Nvidia (NASDAQ: NVDA) stocks have surged recently, reaching an all-time high of $149.45 last week and currently stabilizing around $147.63—an impressive 6.38% gain over the past five days.
Market Performance
If you’re observing Nvidia’s upward trajectory, you’re not alone. The stock is pushing against recent highs while the S&P 500 is also showing strength.
- The range for Nvidia stocks in the past month has been between $128.74 and $149.77.
- A support zone is forming between $135.39 and $137.37.
Analyst Insights
In light of this climb, Morgan Stanley raised Nvidia’s price target from $150 to $160 with an “Overweight” rating.
- Joseph Moore, Morgan Stanley’s tech analyst, foresees strong potential for Nvidia.
- Moore predicts gains in gross margins but warns of potential margin uncertainties with the launch of Nvidia’s next-gen AI chip, Blackwell.
Moore stated on November 11: “We expect better gross margins in October, but initial Blackwell ramp-up may lower margins in January.”
Future Outlook
Nvidia’s progression isn't without challenges. The roll-out of Blackwell and related products may introduce some margin uncertainty.
Despite this, Nvidia continues to attract attention from investors seeking to capitalize on its remarkable trajectory.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.