Nvidia Set For Another Bull Run? Analyst Pitches $1,150 Target, Says 'This Time It's Bringing More Friends Along For The Run'
Portfolio Pulse from Ananya Gairola
Analyst Todd Gordon of Inside Edge Capital has set a bullish target price of $1,150 for Nvidia Corporation (NASDAQ:NVDA), despite a recent pullback. Gordon's confidence is based on Nvidia's leading position in transformative industries and a broader positive trend in the semiconductor sector. He uses Elliott Wave analysis to predict a significant upward move for Nvidia, supported by the company's strong market position and recent positive revisions by Wall Street analysts.
April 13, 2024 | 9:31 am
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Todd Gordon's bullish target of $1,150 for Nvidia Corporation reflects strong confidence in the company's market position and potential for growth, despite recent market corrections.
Gordon's analysis and the target price are based on Nvidia's strong fundamentals and leadership in the semiconductor industry. The positive outlook is supported by broader market trends and recent analyst revisions, suggesting a high potential for Nvidia's stock to reach the set target.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100