Nvidia Completed Its 10-for-1 Stock Split in June. Here's How High the AI Stock Could Soar, According to Wall Street
Nvidia (NASDAQ: NVDA) shares have quite literally carried the stock market higher. Since January 2023, the stock has advanced 740% due to enthusiasm about artificial intelligence. The S&P 500 returned 44% during the same period. Put differently, Nvidia accounted for roughly one-fifth of the gains in the S&P 500 during the last 18 months.
Nvidia reset its surging share price with a 10-for-1 stock split in June, its second split in three years. Shares have since traded sideways, but Wall Street remains bullish. Nvidia carries an average price target of $136 per share, implying 11% upside from its current price of $122 per share.
The highest price target comes from Hans Mosesmann at Rosenblatt, who believes Nvidia will climb 64% to reach $200 per share by June 2025. The lowest price target comes from Gil Luria at D.A. Davidson, who believes Nvidia will decline 26% to reach $90 per share during the same period.
Source Fool.com