The US stock market is currently stabilized, inviting a massive influx of funds worldwide. With different US stocks to select from, investor sentiment has drifted towards Nvidia the most, with its share prices skyrocketing rapidly. Here’s how high Nvidia stock can spike by the end of September.
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NVDA Stock Analysis
Source: AnalyticsInsight
NVIDIA stock is currently trending in green, surging rapidly and consistently. The recent spike in its stock price can be attributed to its CEO, Jensen Huang, who is reportedly done selling stock. This news is contributing to Nvidia’s soaring stock price at press time. As mentioned earlier, the development has compelled Nvidia’s share price to rise to a three-week high, sitting at $121 at press time.
“BREAKING: Nvidia stock, $NVDA, soars after CEO Jensen Huang is reportedly “done selling” stock. The stock is now trading at a 3-week high and back above $120.”
At the same time, the firm is becoming one of the best investment choices for investors. Its stock price has been up 591,078% since its launch and constantly breaks its own records. A nominal $10,000 invested in the firm around 1999 would have fetched investors a staggering $59,107,800 today.
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NVDA Price Forecast
According to TipRanks, a leading stock price analysis portal, Nvidia’s price target is $152, which it may achieve in the next 12 months.
Image: TipRanks
“Based on 42 Wall Street analysts offering 12-month price targets for Nvidia in the last 3 months. The average price target is $152.44 with a high forecast of $200.00 and a low forecast of $90.00. The average price target represents a 26.12% change from the last price of $120.87.”
The portal confirms strong buy signals, with 39 analysts telling investors to buy NVDA out of 42 experts weighing on its stock price direction.
While exact stock prices for NVDA are difficult to predict, by September’s end, Nvidia stock may trade between $121 and $152 if the market continues to favor its momentum. However, unusual market fluctuations can also cause its price to tank, trading at $90, as predicted by TipRanks.
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