Usman Salis
Nvidia (NVDA) stock received price-target boosts from analysts citing its AI market potential, positioning it as a top investment pick in the semiconductor industry.
Nvidia (NVDA) Stock: A Once-in-a-Lifetime Opportunity in AI
Two Wall Street analysts recently raised their price targets for Nvidia (NVDA), citing the company's leading role in AI. Melius Research analyst Ben Reitzes maintained his buy rating and increased his target price from $165 to $185, describing Nvidia as a "once-in-a-lifetime opportunity." The stock, priced at $148.57 in premarket trades, reflects Nvidia’s potential as it prepares to launch its next-generation AI chip, Blackwell.
Reitzes sees Nvidia's advancements in AI as comparable to Apple's early iPhone era, noting the transformative potential of technologies like text-to-video, autonomous agents, self-driving cars, and visual intelligence. With major players in AI infrastructure, such as Microsoft, Amazon, Meta, Google, and Oracle, planning significant capital investments, Reitzes projects a 24% rise in data center capital expenditures to $282 billion by 2025.
Piper Sandler Names Nvidia (NVDA) Its Top Large-Cap Pick
Harsh Kumar from Piper Sandler also increased his price target for Nvidia to $175, citing the upcoming launch of the Blackwell architecture and Nvidia's leadership in AI accelerators. Kumar called Nvidia a "must-own" stock as the addressable AI accelerator market is set to grow further in 2025, with Nvidia positioned to capture a significant market share.
Nvidia is on five IBD stock lists, including Leaderboard, SwingTrader, and IBD 50. Its recent buy point of $140.76 on October 17 places it in a 5% buy zone that extends up to $147.80, according to IBD's trading guidelines. This momentum is likely to continue as Nvidia gears up to release its fiscal third-quarter earnings report on November 20, a key date for investors.
Usman Salis
