1 Wall Street Firm Just Gave Nvidia Stock a $250 Price Target. Is It Time to Buy?
Nvidia (NVDA -3.11%) stock currently trades for around $155. However, Loop Capital just gave Nvidia a new price target of $250 per share. That indicates around 60% upside from today’s price, but the implications of a $250-per-share stock are far greater.
If Nvidia’s stock rose to that level, the company would be worth more than $6 trillion. There’s never been a $4 trillion company, let alone a company valued at $6 trillion. However, when you examine the reasons behind Loop Capital’s $250 price target for Nvidia, there’s solid information supporting the thesis.
Image source: Nvidia.
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