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wrote a post12/30/2021 15:30

$NVIDIA(NVDA.US)$ Now this is one the analysts can’t help but gush ove...

$NVIDIA(NVDA.US)$ Now this is one the analysts can’t help but gush over. The average price target of $360 represents about 17% upside from current levels. While there hasn’t been a bevy of upgrades and price-target hikes in the last two weeks, the most recent are pretty impressive.

Specifically, they sit at $350, $370 and at $400 – the last one of which is the highest on Wall Street.

If the stock gets there, it represents about 33% upside from current levels. Should Nvidia reach this level, it will see its market cap swell to the coveted $1 trillion level.

Not many would have expected that a few years ago, but long-term bulls are unlikely to be surprised by the potential. Nvidia has its hands in every meaningful secular growth industry in tech, including data centers, artificial intelligence and machine learning, robotics, drones, supercomputing, graphics, crypto, self-driving cars, cloud-computing and everyone’s latest favorite, the metaverse.
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