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Nvidia's Stock Price Should Be 400% Higher: Analyst

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Nvidia's Stock Price Should Be 400% Higher: AnalystPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/32e7a10f-efd0-424a-861f-2f3e0bb7ce02.png

One of the biggest debates raging on Wall Street in recent months is what to make of Nvidia (NASDAQ: NVDA). The company was arguably the catalyst for the artificial intelligence (AI) revolution, supplying the graphics processing units (GPUs) that enable the technology. After a run of 1,180% that spanned three years, the stock has fallen 36% from its peak and is back where it was one year ago.

Many investors believe the sell-off is unwarranted and that it's only a matter of time before Nvidia's stock price rebounds, particularly in light of the company's recent forecast. But one classic financial model suggests Nvidia's stock price should be above $900.

Image source: Getty Images.

Source Fool.com

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