Nvidia Stock Outlook: Projected Target Increase Driven by Blackwell Demand
Monday, 8 July 2024, 18:15
Nvidia Stock Price Forecast
The recent forecast by UBS indicates an optimistic view on Nvidia's stock price.
Reasoning Behind the Target Increase
The boost in target price is attributed to the heightened demand from Blackwell.
UBS projects Nvidia to achieve an earnings per share of $5 by 2025, reflecting positively on its valuation.
The forward price-to-earnings estimation stands at 25.6x.
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.