rtmark
LearnBonds.com

Nvidia Stock Price Is Set to Hit $200 Mark, Analysts See Upside Trend

Nvidia (NASDAQ: NVDA) stock price bounced back sharply after experiencing the bearish trend in the first half. The share price momentum is driven by the trader’s confidence in improving market fundamentals for semiconductor companies.

Strengthening market position amid 5G is adding to investor’s sentiments. Nvidia stock price is currently trading slightly below from $200 level.

The shares have been struggling to cross $200 mark over the last eleven months. NVDA shares had hit a 52-week low of $135 at the end of the first half of this year.

NVDA NVIDIA Corporation daily Stock Chart

Analysts See Gains for Nvidia Stock Price

Despite the recent share price rally, analysts are seeing further upside momentum for NVDA shares. For instance, Bank of America has set a price target of $250 with a Buy rating.

The bank says the trader’s confidence in NVDA’s growth profile is improving due to the natural language processing tech. The bank said, “NVDA’s data center growth is on the cusp of benefiting from the next-big AI landmark.”

BofA, on the other hand, believes NVDA is in a better position to outperform peers. “No other company is able to leverage common parallel compute architecture at scale,” BofA said.

RBC Capital Markets has increased the price target to $217 with a buy rating. The upside target is because of RBC’s confidence in improving gaming GPU demand along with the potential growth in the data center business. RBC said, “We believe that we’re past the bottom from a demand perspective.

Trade Deal Supports Share Price

Tech companies have experienced significant volatility in financial numbers and share price amid trade war conflict between the two largest economies. The initial trade deal between the United States and China helped in enhancing the trader’s sentiments.

Nvidia Stock Price Is...

President Trump recently tweeted that good things are happening at the China trade talk meeting. The warmer feelings from the president indicate good things are likely to happen. Overall, the trader’s sentiments regarding Nvidia stock price is escalating.

Trusted & Regulated Stock & CFD Brokers

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Avatar

Based in Saudi Arabia, Siraj has a strong understanding of and passion for accounting and finance. He has worked for international clients for many years on several projects related to the stock market, equity research and other business, accounting and finance related projects. Siraj is a published financial analyst on the world's leading websites including SeekingAlpha, TheStreet, MSN, and others.