Is Nvidia Stock Going to $1,400? 1 Wall Street Analyst Thinks So.
Nvidia (NASDAQ: NVDA) recently gave investors more evidence that the surge in demand for its data center products powering artificial intelligence (AI) applications has more legs. That helped persuade Rosenblatt analyst Hans Mosesmann to continue to recommend investors buy the stock.
His firm's $1,400 price target for Nvidia stock remains one of the highest on Wall Street. That represents upside of about 34% even after Nvidia shares popped following its fiscal 2025 first-quarter results. Nvidia shares have now more than doubled in 2024.
The strength in Nvidia's AI business hasn't been a secret for investors. Expectations have been high, but the company continues to surpass Wall Street's, and its own, estimates. Consider that the three months ended April 28 marked the fourth straight quarter in which the company beat its own revenue guidance by at least $2 billion.
Source Fool.com
