1 Wall Street Analyst Thinks Nvidia Stock Is Going to $178. Is It a Buy?
Redburn Atlantic analyst Timm Schulze-Melander initiated coverage of the stock this week with a "buy" rating. The analyst set the price target at $178, implying upside of 21% over the current share price of $147 at the time of writing.
Key supply-chain players updated their AI-demand outlooks ahead of Nvidia's fiscal-third-quarter earnings next week.
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Nvidia is the leader in artificial intelligence chips and networking equipment, and its current valuation is reasonable.
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