NVDA: Another PT hike: $300>$400

Evercore maintains an Outperform rating on Nvidia (NASDAQ:NVDA) and raises its price target from $300 to $400, a 50% upside to yesterday’s close.

Analyst C.J. Muse cites the company’s platform-based approach for accelerated computing and the presence of growth opportunities.

Analysts are coming out of the woodwork on upping NVDA’s price target. Sometimes they raise it because the stock has gone up and they have “no choice” but in the case of NVDA the stock hasn’t gone up significantly in the past month (since they announced all those new products with new capabilities and specs).

Chris

10 Likes

but in the case of NVDA the stock hasn’t gone up significantly in the past month (since they announced all those new products with new capabilities and specs).

People continue thinking about stock prices like bouncing billiard balls, direct cause and effect. That’s not how prices work.


12/29/2017    193.15
09/28/2018    267.40
YTD        up 38.44%

At this rate NVDA could well be at $400 by the end of 2019. Analyst C.J. Muse is just extrapolating.

Denny Schlesinger

1 Like

Coiled spring ready to explode. :slight_smile: