Nvidia Stock Gets a New Street-High Price Target
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Nvidia Corporation upgraded to Strong Buy as AI-driven data center demand fuels 35% upside. Click for my NVDA earnings update.
Mizuho's Vijay Rakesh boosted his Nvidia price target to $245 from $235, with the new target 31% higher than current levels. Not only is Nvidia "the clear AI leader," but it's also growing quite quickly for its size.
Just when many investors thought that the AI trade as we knew it would go up in a poof of smoke, Jensen Huang’s GPU empire, Nvidia (NASDAQ:NVDA), posted a quarterly earnings result that was a lot better than expected.
Goldman Sachs analyst James Schneider reiterated a buy rating and raised Nvidia’s stock price target to $250, citing steady demand for AI gear, as reported by TipRanks.
As Innodata scales up its business, its operating costs should decline and its pricing power should improve. That's why its adjusted EBITDA is expected to rise 53% to $53 million in 2025, and increase 26% to $67 million in 2026.
NVIDIA Corporation (NASDAQ:NVDA) is one of the Must-Watch AI Stocks on Wall Street. On November 20, Evercore ISI raised its price target on the stock to $352 from $261 while maintaining an “Outperform” rating.