Nvidia’s Stock Has 24% Upside, According to This Top Analyst
Nvidia Stock: A Top Pick for the Week
Nvidia (NASDAQ: NVDA) is a leading designer of graphics processing units (GPUs), which are used in a variety of applications, including gaming, artificial intelligence, and data science. The company’s stock has performed well in recent years, and one analyst believes it still has plenty of room to run.
Tigress Financial analyst Ivan Feinseth has a “buy” rating on Nvidia stock with a price target of $330, implying a 24% upside from the current price. Feinseth is one of Wall Street’s most accurate analysts, with an 87% accuracy rate over the past year.
In a note to clients, Feinseth cited Nvidia’s strong financial performance and its leadership position in the GPU market as reasons for his bullish outlook. He also noted that the company is well-positioned to benefit from the growing demand for AI and data science.
5 Other Stock Picks from Wall Street’s Most Accurate Analysts
In addition to Nvidia, Feinseth also has “buy” ratings on the following five stocks:
- Apple (NASDAQ: AAPL)
- Microsoft (NASDAQ: MSFT)
- Alphabet (NASDAQ: GOOGL)
- Amazon (NASDAQ: AMZN)
- Tesla (NASDAQ: TSLA)
These stocks are all leaders in their respective industries and have strong track records of financial performance. Feinseth believes that they are all good long-term investments.
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