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Keyword: NVIDIA Title: NVIDIA shares rise by 4 percent after price target increase
Increased price target and strong buy recommendation cause NVIDIA shares to rise. Learn more about the analysis that highlights stock potential through 2025. #NVIDIA #stock analysis #RaymondJames
Keyword: NVIDIA Title: NVIDIA shares rise by 4 percent after price target increase
NVIDIA shares recently saw a rise of over four percent on the NASDAQ, driven by the price target increase and strong buy recommendation from Raymond James. The investment bank raised the price target from $850 to $1,100, representing an upside potential of about 26.4 percent. Raymond James also confirmed the strong buy rating. As a result, the share price temporarily rose to $907.39 before closing at $906.16.
Raymond James sees further upside potential for NVIDIA with the launch of the Blackwell GPU range. Analysts expect revenue momentum to be sustained well into 2025 as Blackwell offers compelling benefits. Other analysts, including Susquehanna, KeyCorp, Benchmark and Wells Fargo, also increased their price targets on NVIDIA stock. The average price target is currently $989.53.
Of the 41 Wall Street analysts who rated the stock, 39 recommend buying the stock. There are no current sales recommendations. Analysts' positive assessments reflect confidence in NVIDIA's long-term growth prospects. Recent developments and forecasts suggest that NVIDIA is on a promising path for investors.