🧵 1. Nvidia's share price may have doubled, but analysts say it's not too late. William Blair initiates coverage with an "outperform" rating, citing growth potential. #finance
🧵 1. Nvidia's share price may have doubled, but analysts say it's not too late. William Blair initiates coverage with an "outperform" rating, citing growth potential. #finance
🧵 2. William Blair sees Nvidia as a frontrunner in AI space, expecting data center revenue to double in fiscal 2025. The firm forecasts strong earnings growth.
🧵 3. Bank of America and Bernstein analysts view Nvidia as a top AI play, amid industry excitement. Despite recent slight dips, analysts hold bullish sentiments.
🧵 4. Most firms surveyed maintain a "buy" rating on Nvidia, with an average price target of $151.73. Shares are trading at $114.95 post-encouraging remarks.
🧵 5. Despite a recent pullback, analysts remain optimistic about Nvidia's growth prospects, emphasizing its leadership in GPUs and AI systems within the industry.
🧵 Read more at: https://www.investopedia.com/there-s-still-room-on-nvidia-bandwagon-analyst-says-8714633