Nvidia Stock Will Soar 35% to $700, According to This Analyst

Despite its 120% surge so far in 2020, NVIDIA (NASDAQ: NVDA) is poised to deliver even more gains to investors in the months ahead. 

So says Needham analyst Rajvindra Gill. On Tuesday, he reiterated his buy rating on NVIDIA's stock and boosted his price forecast from $600 to $700. That's about 35% higher than its current price near $517. 

Analysts are growing increasingly bullish on NVIDIA's shares. Image source: Getty Images.

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Source Fool.com