Prediction: This Will Be Nvidia's Stock Price by 2028
Outlining the stock's potential 71% upside.
Overview
If it were easy to predict stock prices, there would be far more rich people out there. Fortunately, investors can make great money by simply gauging where a stock might go in the future, based on the underlying company's growth opportunities and valuation. If you're right about the factors moving a stock, you'll probably do well, even if you don't nail the exact share price.
For example, I predict that Nvidia (NASDAQ: NVDA) will trade at $350 per share by 2028. Keep in mind that Nvidia's fiscal calendar ends in January. Therefore, its fiscal year 2028 ends just as the calendar year 2028 begins.
Details
Remember, the reasons why I believe Nvidia can soar 71% higher over the next 18 months are far more important than whether the stock trades at $350, $325, or $450. As long as my prediction about Nvidia is directionally correct, investors will be happy they bought the stock. I'll unpack how I arrived at my prediction below.
Source
Originally published at www.fool.com.