Susquehanna Financial Group has issued a bullish outlook on Nvidia (NVDA) stock, setting a record price target after the company's recent 10-for-1 stock...
) stock, setting a record price target after the company's recent 10-for-1 stock split. The firm has raised its price target on the semiconductor giant from $145 to $160, the highest target among Wall Street analysts.Susquehanna analyst, Christopher Roland set a target price of $160 on the stock that is up from 145 previously.Yes, the multiple is higher than the medians that we're seeing for this name.
And when you look at the amount of profit that NVIDIA is bringing in the valuation is actually not that high.And this comes as we're seeing a lot of movement in the semiconductor space, uh AV go Broadcom hitting record highs as well today and also on the upside.Well, just the fact that NVIDIA is still very much well positioned here to take advantage of the flourishing and markets.
So I think this latest call here from Roland really clearly lays out that bullish aspect here, the bullish case here for NVIDIA. ‘I’m counting on this income’: Single mom in NC faces squatter nightmare after Airbnb guests refuse to leaveHere's what investors should expect from Enbridge's dividend in 2024. The post How Much Will Enbridge Pay in Dividends This Year? appeared first on The Motley Fool Canada.Nvidia stock was down slightly Monday but has been in and out of positive territory. Nvidia shares were down 0.3% at $131.48 on Monday. Nvidia’s recent 10-for-1 stock split has helped the stock’s rally.
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