1 Wall Street Analyst Thinks Nvidia Stock Is Going to $150. Is It a Buy?
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Bank of America analyst Vivek Arya has lowered Nvidia's price target from $160 to $150, suggesting a 44% upside from its recent price of $104. Despite short-term challenges due to chip export restrictions to China, Nvidia's strong demand for its Blackwell AI computing platform is expected to drive significant growth. Analysts predict over 50% revenue and earnings growth this year, with Nvidia's stock trading at 22 times forward earnings estimates, making it a potential buy for long-term investors.
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