Nvidia Corporation (Nasdaq: NVDA) is among the most sought-after US stocks, as it has delivered nearly 165% profits year-to-date. Investors picked up the stock at every dip, enjoying the gains it delivered over the last two years. In the last five years alone, Nvidia stock has surged 2,646%, making investors’ portfolios swell with massive gains.
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The US stock has surged 2,646% in the last five years, delivering unbelievable gains to traders. Investors who entered Nvidia before the COVID-19 pandemic and held on to their positions till now have made phenomenal wealth. Investors who poured in $10,000 in 2019 have earned $274,600 in five years in 2024.
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US Stock: Revised Nvidia Price Prediction Targets $150: Here’s When
Source: AnalyticsInsight
Nvidia is trading at $127 in the US stock market and ended Monday’s trade in the green at 2.24%. After surging 2,646% in five years, NVDA is projected to print further gains in the coming months and hit a target of $150. That’s an uptick and return on investment (ROI) of approximately 18% from its current price of $127.
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Ben Reitzes from Melius Research wrote that Nvidia shares could reach the $150 mark during Q1 of 2025. “We expect things to perk up more into year-end given indications for strong AI spending on training and inferencing, still driven by Nvidia,” Reitzes wrote to Melius clients. The analyst also labeled Nvidia “the second cheapest US stock in our group on a (price-to-earnings-to-growth) basis.”
Several other analysts predict that Nvidia could rally next year in 2025 and advised investors to hold on for the long term. Selling the most sought-after US stock too early could be wrong as the potential for NVDA remains high. The firm invests heavily in the AI sector and could generate further profits in the long run.