Will Nvidia Stock Surge to $650?

Despite its 140% rise so far this year, investors are still underestimating the value of Nvidia's (NASDAQ: NVDA) stock.

So says Bank of America analyst Vivek Arya. On Tuesday, Arya reiterated his buy rating on Nvidia's shares and boosted his price forecast from $600 to $650. Arya's new target price represents potential gains for investors of roughly 13%, compared to the stock's current price near $575.

Analyst Vivek Arya sees plenty of upside for Nvidia's shareholders. Image source: Getty Images.

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Source Fool.com