Nvidia Stock Is Below $200 Per Share Again. Here's When It Could Hit $300.
Shares have sold off a fair bit in recent days, but they could hit new levels in a short time frame.
Overview
For a long time, Nvidia (NASDAQ: NVDA) was priced above $200 per share. Now, it has fallen below that after a few days of heavy selling pressure. The stock is down around 16% from its highs and is up a mere 6% for the year. That's a pretty disappointing result for most investors since Nvidia has been such a strong stock pick over the past few years.
However, I still think the stock still has a bright future. In fact, I think it could easily rise over 50% to reach $300. But when might that occur? Let's take a look.
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Details
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.