Nvidia isn't done soaring. BofA sees more upside with a $150 price target [Yahoo! Finance]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Yahoo! Finance
alone the company briefly passed mighty Microsoft to notch the title of the world's most valuable company (though by Friday it had dipped back into 2nd place ). According to Fortune 's calculations, $1,000 invested in NVDA stock 10 years ago would be worth almost $300,000 today. But the analysts at Bank of America believe there's still plenty of room for NVDA to run. In a recently published note analysts Vivek Arya, Duksang Jang, and Lauren Guy write that while the stock's steep climb make it "vulnerable" to profit taking, any volatility is likely to be short-lived. (They note that Nvidia is already up 50% in Q2 vs. 4% for the S&P 500). They put a price target of $150 on the stock, which as of midday Friday was trading just above $126. Nvidia stock forecast What may drive Nvidia's stock higher? The analysts write that GenAI hardware deployments are still only in the second year of what could be a three- to five-year deployment cycle, representing around $300 billion in long-term
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BAC
Earnings
- 4/16/24 - Beat
BAC
Sec Filings
- 6/26/24 - Form FWP
- 6/25/24 - Form 424B2
- 6/24/24 - Form FWP
- BAC's page on the SEC website