NVIDIA Stock Continues to Be Wall Street’s Favorite: Here's Why
NVIDIA Corp. (NASDAQ: NVDA) closed at a 52-week high on October 14. This continues an impressive run for the stock which is up 177% in 2024 and 202% in the last 12 months, massively outperforming other technology stocks. The company’s market capitalization also jumped $519 billion in the nine days ending October 14, 2024.
Nvidia Stock Has Soared Over 20% in 5 Weeks. Here's Why Wall Street Thinks It's Still a Buy.
Many Wall Street analysts think the stock will deliver double-digit gains in the coming months. Wall Street's average price target could be overly cautious. Nvidia has delivered such massive gains in recent years that it's easy to overlook how the stock has performed over the short term.
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