Semiconductor giant NVDA remains Bank of America’s 2025 Sector Top Pick, even after its stock price rose more than 180% last year. Ahead of the Consumer Electronics Show (CES), which opens on January 6 and will include a keynote speech from Nvidia’s CEO, BofA analyst Vivek Arya has set a price target on NVDA stock at $190 and rates it a buy. repeated. Aria’s price target indicates a potential upside of more than 37% from current levels.
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NVDA stock’s impressive rally in 2024 was fueled by strong demand for the company’s advanced graphics processing units (GPUs) needed to power artificial intelligence (AI) applications.
Here’s why BofA is bullish on NVIDIA stock
Arya believes the CES trade show will be a positive catalyst for NVDA stock, and believes the event will strengthen the company’s advantages and opportunities in high-growth markets.
Specifically, the 5-star analyst is awaiting updates on the company’s robot strategy and Jetson Thor platform for humanoid robots, as well as the launch of RTX 50xx, the PC gaming version of NVDA’s Blackwell GPUs.
Arya is also looking forward to updates on the data center product lineup, the launch of upgraded versions in the second half of the year, and Nvidia’s potential foray into the AI PC space through partnerships or standalone PC CPUs.
It is worth noting that Arya is a 5-star Analyst and ranks #150 out of 9,261 analysts tracked by TipRanks. He has a 58% success rate and an average return per rating of 17.6% per year.
Is NVDA a buy, sell, or hold?
Most Wall Street analysts are bullish on NVIDIA stock, with a consensus rating of “Strong Buy” based on 37 buys and 3 holds. NVDA’s average price target of $177.08 implies a potential upside of 28% from current levels.
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