Why NVIDIA Stock Popped Today
Shares of NVIDIA (NASDAQ: NVDA) climbed on Thursday, following bullish analyst commentary. As of 3:45 p.m. EDT, the chipmaker's stock was up more than 5%.
Raymond James analyst Chris Caso lifted his rating on NVIDIA's stock from outperform to strong buy and boosted his price forecast from $700 to $750. His new estimate represents potential gains for investors of roughly 16% from the stock's current price near $646.
Analysts see plenty of upside ahead for NVIDIA's shareholders. Image source: Getty Images.
Source Fool.com
