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Although the news of a delayed launch for its Blackwell artificial intelligence (AI) chip has pushed the price of Nvidia (NASDAQ: NVDA) stock down, the technology giant’s shares have since recovered, with Wall Street analysts retaining their optimistic expectations throughout. As it happens, analysts have been upgrading Nvidia stock price targets across the board over the last two months, with projections ranging between $140 and $200, according to the observations by the market analytics platform TrendSpider shared in an X post on August 7. Wall Street Nvidia stock price targets in the past 2 months. Source: TrendSpider Nvidia stock price target 2025 Indeed, market experts are generally confident in the semiconductor behemoth’s dominance in the AI field and its long-term prospects, which they believe will reflect on the Nvidia stock price in the following months despite near-term volatility caused by the Blackwell news. As such, they view NVDA shares as a ‘strong buy,’ with only four analysts suggesting to ‘hold’ for now, and with no ‘sell’ recommendations, and their average price target, based on the views they shared across the past three months, currently stands at $144.17. At the same time, the lowest Nvidia stock price target suggested by Wall Street experts resides at the $100 level, while the highest projection sees NVDA shares hitting $200 sometime in the following 12 months, according to the latest TipRanks information retrieved on August 7. Nvidia stock prediction 2025. Source: TipRanks Among these analysts is New Street Research’s Pierre Ferragu, who has recently raised the company’s rating on Nvidia stock to a ‘buy,’ with a target price of $120, after downgrading NVDA shares to a ‘hold’ in early July, now arguing that the “delay in Blackwell is only a tactical setback.” In addition, Bernstein research and analyst Stacy Rasgon suggest that Nvidia is…

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Filed under: News - @ August 7, 2024 11:20 am