Loop Capital has increased its price target for NVIDIA from $250 to $350, highlighting a 73% potential upside. The investment bank maintained its 'Buy' rating, driven by expectations of NVIDIA's GPU shipments doubling to 2.1 million units by early 2026, fueled by AI demand and price hikes. Analyst Ananda Baruah emphasized NVIDIA's leadership in the AI sector but cautioned about potential risks such as power supply and regulatory challenges. The long-term price target could reach $400. NVIDIA's stock has climbed 51% this year, with 60 out of 66 analysts recommending a 'Buy'.
Loop Capital Boosts NVIDIA Price Target to $350 Amid AI Demand
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
