Why the NVIDIA Stock Price Forecast Is Off the Charts Right Now
June 23, 2021 at 07:00 AM EDT
Analysts have aggressively raised their price targets for the high-speed computer chip manufacturer NVIDIA Corp. (NASDAQ: NVDA). Vivek Arya, managing director at Bank of America (NYSE: BAC), bumped his NVIDIA stock price forecast from $800 to $900 this week. Reasons included the adoption of Artificial Intelligence driving strong revenue growth at the NVIDA. NVIDIA's data center sales could also triple over the next few years. The question now becomes, "Should we buy shares of NVIDIA?" Here’s what we make of this NVIDIA stock price prediction. Tags: Stocks to Buy The post Why the NVIDIA Stock Price Forecast Is Off the Charts Right Now appeared first on Money Morning - We Make Investing Profitable .
