Nvidia (NASDAQ: NVDA) continues to be one of 2024's hottest stocks, having risen roughly 87% year to date as of this writing. Priced at roughly $926 per share, the artificial intelligence (AI) leader has a market capitalization of roughly $2.3 trillion and ranks as the world's third-largest company -- behind only and Apple. Some on Wall Street believe that the red-hot AI stock is poised to continue marching higher.

In a research note published on March 22, UBS maintained a buy rating on Nvidia and raised its price target on the stock from $800 per share to $1,000 per share. Based on where the stock is priced as of this writing, that $1,000 target would imply additional upside of roughly 8%.

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Source Fool.com