This Red-Hot Stock Still Has 50% Upside, According to 1 Wall Street Analyst
While I generally take Wall Street's never-ending stream of upgrades and downgrades with a grain of salt, I think this one makes a compelling argument.
TD Cowen analyst Matthew Ramsay announced the firm's "Best Idea" for 2024 and it should come as no surprise that it was Nvidia (NASDAQ: NVDA). The firm issued an outperform (buy) rating on the shares and a $700 price target, which represents potential gains of 50% upside compared to Monday's closing price -- even after a blistering rise of 219% so far this year, fueled by soaring adoption of artificial intelligence (AI).
Investors would be forgiven for asking, "Does Nvidia really have 50% potential upside from here?"
Source Fool.com
Toronto-Dominion Bank Stock
€53.61
0.130%
Our community is currently high on Toronto-Dominion Bank with 3 Buy predictions and 1 Sell predictions.
As a result the target price of 86 € shows a very positive potential of 60.42% compared to the current price of 53.61 € for Toronto-Dominion Bank.
