Analyst Predicts Nvidia Stock Reaching $1,200 Mark, Is It Worth Investing Near $945?

Thursday, 16 May 2024, 11:25

An analyst at Wall Street firm Jefferies has raised the price target for Nvidia stock to $1,200, signaling a 27% potential gain from the current level. The analyst believes Nvidia is well-positioned in the AI industry with its innovative products and strong growth trajectory. Investors are advised to consider the long-term prospects of investing in Nvidia despite its recent impressive performance.
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Analyst Predicts Nvidia Stock Reaching $1,200 Mark, Is It Worth Investing Near $945?

Nvidia is the 'favorite'

The bottom line is Curtis sees Nvidia as the established leader in the pole position of a growing AI ecosystem. Curtis succinctly summarized his firm's thoughts this way: 'We believe it's too early to sift out winners and losers in the AI basket yet, but Nvidia is our favorite.'

Basis of thinking

The basis of that thinking revolves around surging demand for Nvidia's products, which include much more than its powerful computing chips. Nvidia has already been surprising investors -- and itself -- time after time.

  • Nvidia expects to report revenue of $24 billion for its fiscal 2025 first quarter, reflecting year-over-year growth of over 230%.
  • Its AI infrastructure solutions, for example, include liquid-cooled rack systems featuring dozens of its Grace CPU and new Blackwell GPU chips.

Investment Outlook

Dominating growing AI ecosystems should keep Nvidia's revenue and earnings growing for quite some time. The stock is volatile and could drop if earnings even slightly disappoint the market's very high expectations, but as Curtis has pointed out, shares are likely to continue moving higher in the long run.


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.


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