Wall Street Thinks Nvidia Stock Can Rise 30% in a Year. Time to Buy?
Wall Street analysts often have one-year price targets available for the stocks they cover. While a single analyst may have a high or low target, taking the aggregate yields useful information.
The average stock price target on Nvidia (NASDAQ: NVDA) stock is $153, with a high of $200 and a low of $90. Nvidia's stock currently sits at around $120, which indicates a roughly 30% upside. So, with that kind of upside potential in store for Nvidia, is it time to buy?
Considering that the market returns 10% annually on average, if Nvidia can deliver 30% returns, then it's a no-brainer. It's that simple.
Source Fool.com
