Can Nvidia Stock Reach $743 in the Next 12 Months?
That would require the stock to more than triple in the next year.
Can Nvidia Stock Reach $743 in the Next 12 Months?
Overview
The artificial intelligence (AI) revolution has made Nvidia (NASDAQ: NVDA) the world's largest public company at a market cap of approximately $5 trillion today. That's a share price of $205, thanks to stock splits. But despite Nvidia's historic run these past several years, there could be more upside ahead.
How much? Wall Street analysts have 12-month price targets as high as $743 per share. It's a lofty number to say the least. That's more than triple today's stock price, and would value Nvidia at over $15 trillion, an unprecedented valuation.
Details
Here's a look at what's likely driving these ambitious price targets, and how likely Nvidia stock is to actually reach $700 per share over the coming year.
Source
Originally published at www.fool.com.
