1 Wall Street Analyst Says Nvidia Is Going to $175. Is It a Buy Around $147?

Nvidia (NASDAQ: NVDA) has been the flag bearer for the artificial intelligence (AI) investing revolution since shortly after OpenAI's ChatGPT launched in November 2022. However, attention on the stock has waned in recent weeks as investors focused more on the presidential election results. Cyclical stocks like financials, energy, and even tech potentially stand to benefit from policy changes likely under a Trump administration, as well as general hopes for lower tax rates and deregulation.However, attention is likely to return to Nvidia when it reports third-quarter earnings on Wednesday, Nov. 20. The company is already getting some favorable attention from analysts ahead of the report.Ahead of Nvidia's earnings report, Piper Sandler raised its price target on Nvidia from $140 to $175, maintaining its overweight rating on the stock and calling the stock its top large-cap pick, according to reports. That target implies a 19% gain for the stock over the next 12 months. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool