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Why Nvidia Stock Rallied (Again) on Friday

TheMotleyFool

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Why Nvidia Stock Rallied (Again) on Friday: https://g.foolcdn.com/editorial/images/766621/the-letters-ai-etched-on-a-circuit-board.jpg

Shares of Nvidia (NASDAQ: NVDA) rallied (again) on Friday, jumping as much as 4.9%. As of 2:32 p.m. ET, the stock was still up 1.7%.

The rally followed yesterday's blockbuster financial report, which propelled Nvidia to new heights. After digesting the results and after adjusting his models, the self-professed "most bullish analyst on Nvidia" has issued a new price target.

Rosenblatt analyst Hans Mosesmann, the self-professed "most bullish analyst on Nvidia," maintained his buy rating on the stock while increasing his price target to a Street-high $1,400. That suggests potential upside of more than 78% -- on top of the stock's 437% gains since the beginning of 2023.

Source Fool.com

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