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Why Nvidia Stock Bounced Back Today

TheMotleyFool

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Shares of semiconductor specialist Nvidia (NASDAQ: NVDA) were trading more than 2% higher as of 11:10 a.m. EST Thursday, lifted by a chorus of price target hikes from Wall Street analysts.

Over the past 48 hours, reports StreetInsider.com, no fewer than four institutions' analysts have chimed in with higher estimates of Nvidia's intrinsic value, ranging from $340 a share to $360 a share. And right now, Nvidia is only priced at about $301 a share.

Image source: Getty Images.

Source Fool.com

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