Will NVIDIA Stock Surge to $500?

Strong growth in several massive markets will help drive NVIDIA's (NASDAQ: NVDA) share price to $500.

So says Rosenblatt Securities analyst Hans Mosesmann. On Friday, Mosesmann reiterated his buy rating on NVIDIA's stock and boosted his target price from $400 to $500. His new price forecast represents potential gains for investors of roughly 20%, based on the chipmaker's current price near $418.

NVIDIA's stock has plenty of upside, according to Rosenblatt analyst Hans Mosesmann. Image source: Getty Images.

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Source Fool.com