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1 Wall Street Analyst Thinks Nvidia Stock Will Plunge 28%. Is He Right?

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1 Wall Street Analyst Thinks Nvidia Stock Will Plunge 28%. Is He Right?: https://g.foolcdn.com/editorial/images/775609/nvidia-headquarters-with-nvidia-sign-in-front.png

Nvidia (NASDAQ: NVDA) has been a Wall Street darling for quite a while now. And for good reason. The stock has roughly tripled over the past 12 months and is up more than sevenfold since September 2022.

However, not everyone on Wall Street remains enthusiastic about Nvidia. One analyst thinks shares of the GPU maker will plunge close to 28% over the next 12 months.

D.A. Davidson's Gil Luria set a price target of $620 for Nvidia. That reflects expectations of a steep decline from the current share price of around $864.

Source Fool.com

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