Nvidia Targets Keep Rising as Analysts Bet on Earnings Blowout
- The average target has risen roughly $15 over the past week
- Nvidia has risen about 221% this year on AI-fueled optimism
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Nvidia Corp. shares soared on Monday as more analysts raised their price targets on the stock, a sign of growing optimism about the chipmaker’s highly anticipated results later this week.
The average price target for the stock has been moving steadily higher recently, and is above $520, up from $505 just a week ago. The current target implies an upside of about 11% from current levels.