How High Could Nvidia's Stock Go This Year?
Buying a high-priced stock can be tricky since there's always the risk you may end up buying it at or near its peak. And even though a business is growing, the inevitable question becomes whether the business is growing fast enough to justify its valuation.
Nvidia (NASDAQ: NVDA) is an excellent example of that. At a market cap of $2.8 trillion, it has become one of the most valuable stocks in the world. Its valuation is getting close to that of Apple and , which are both around $3 trillion in market cap.
There's a lot of growth on the horizon for Nvidia in both the short and long terms. But given all the growth opportunities out there in artificial intelligence (AI), is the stock still a good buy right now? Let's take a closer look at just how much higher Nvidia's stock could go this year.
Source Fool.com
Microsoft Corp. Stock
With 109 Buy predictions and 2 Sell predictions Microsoft Corp. is one of the favorites of our community.
As a result the target price of 426 € shows a slightly positive potential of 12.22% compared to the current price of 379.6 € for Microsoft Corp..
