Goldman Sachs Predicts 22% Surge for Nvidia Stock 🚀
Goldman Sachs remains bullish on Nvidia, forecasting a 22% increase as the stock is still undervalued despite nearly doubling this year. Find out what’s driving the optimism!
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Goldman Sachs predicts Nvidia stock will surge another 22% as it believes it is still undervalued compared to its peers. Despite nearly doubling this year, Nvidia's valuation is still relatively cheap, given its fast growth rate. Goldman was encouraged by comments from major tech companies that they will increase spending on AI infrastructure in 2025 following elevated investment in 2024. Goldman raised its price target for Nvidia stock to $1100, representing 22% upside from current levels.
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May 8, 2024
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