The US stock market is currently stable, and a large amount of capital is flowing in from around the world. Among the various US stocks to choose from, investor sentiment is most favorable towards Nvidia, and its stock price is soaring. Here’s how high Nvidia’s stock price will rise by the end of September:
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NVDA Stock Analysis
NVIDIA stock is currently on a fast and steady upward trend. The company’s stock price recently surged due to the company’s CEO, Jensen Huang, reportedly completing a stock sale. This news has contributed to NVIDIA’s stock price soaring at the time of writing. As mentioned earlier, this development has caused NVIDIA’s stock price to rise to a three-week high, at $121 at the time of writing.
“BREAKING: NVIDIA shares $NVDA soared after CEO Jensen Huang reportedly “closed a stock sale.” Shares are now trading at a three-week high and are back above $120.”
At the same time, the company is becoming one of the best investments for investors: its stock price has risen 591,078% since its inception and is constantly breaking its own records. Investors who invested a nominal $10,000 in the company around 1999 would have a staggering $59,107,800 today.
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NVDA Price Prediction
According to leading stock analysis portal TipRanks, Nvidia has a target price of $152 that could be reached within the next 12 months.
“Based on 42 Wall Street analysts who have offered 12-month price targets for NVIDIA in the past three months. The average target price is $152.44, with a high estimate of $200.00 and a low estimate of $90.00. The average target price represents a 26.12% change from the last price of $120.87.”
The portal has identified a strong buy signal, with 39 out of 42 experts concerned about NVDA’s stock price performance recommending investors buy NVDA.
It’s hard to predict NVDA’s exact share price, but if the market continues to support the company’s momentum, Nvidia shares could trade between $121 and $152 by the end of September. However, unusual market volatility could send the stock plummeting, resulting in it trading at $90, as predicted by TipRanks.
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