Nvidia's Stock Receives Price Target Upgrade from Susquehanna - Here's What Investors Need to Know

Money | June 17, 2024, 9:43 p.m.

Susquehanna Financial Group has issued a bullish outlook on Nvidia (NVDA) stock, setting a record price target of $160 after the company's recent 10-for-1 stock split. This new target surpasses all others on Wall Street, signaling confidence in Nvidia's potential for further growth. Analysts highlight Nvidia's strong position in flourishing markets and its ability to capitalize on opportunities, notably in AI technology. With competitors also seeing success in the semiconductor space, Nvidia stands out as a dominant player with a promising future. Despite the stock's significant run-up, experts remain optimistic about Nvidia's continued growth trajectory, pointing to its attractive valuation and ongoing momentum. The increased price target underscores the firm's belief in Nvidia's ability to sustain its impressive performance and capitalize on emerging trends in the industry.