Top 7 Reasons Why Nvidia's Stock is Expected to Skyrocket 67% in the Next 2 Years, as Predicted by a Wall Street Research Firm
Money | June 25, 2024, 11:24 a.m.
Nvidia's stock is predicted to skyrocket by 65% to $200 per share over the next year, according to Constellation Research. The firm cites Nvidia's AI dominance and seven key moats around its business as drivers of continued growth. With visionary CEO Jensen Huang leading the charge, high barriers to entry, and strong product roadmap, Nvidia is well-positioned for success. The GPU market leader's ability to lock in customers with high switching costs and maintain dominant market share further support its upward trajectory. Analysts anticipate Nvidia's stock rally to last up to two years, making the current dip a buying opportunity for investors. With a $200 price target supported by Rosenblatt, Nvidia's path to continued success in the Age of AI seems bright.