Where Will Nvidia Be in 1 Year?
Shares of Nvidia (NASDAQ: NVDA) have crushed the stock market handsomely over the past year, gaining 183% as of this writing, compared to the Nasdaq Composite index's gains of just 12% during the same period. Investors can expect this red-hot run to continue in the coming year as well.
According to a consensus estimate of 44 analysts covering Nvidia, the stock has a Street-high price target of $1,100 for the next 12 months. That would be 140% higher than Nvidia's current stock price. The semiconductor specialist should be capable of hitting -- or even exceeding that target -- considering the massive artificial intelligence (AI)-fueled demand for its data center graphics cards.
Let's try and find out how much upside Nvidia investors can expect over the next year.
Source Fool.com
