TD Cowen analysts maintained raised their price target on Nvidia stock to $700 from $600. The chip maker's shares have already soared more than 200% so far...
Nvidia stock still has room to run, one analyst team argued as they lifted their price target on the chip giant.
Shares were ticking 0.8% higher to $461.50 in premarket trading. The new price target implies shares have about 50% more upside. Newsletter Sign-up “We believe the industry is in the early innings of two transformational paradigm shifts toward ubiquitous acceleration and generative artificial intelligence, with Nvidia’s wide moat potentially expanding,” the Cowen analysts wrote.
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