NVIDIA (NVDA) Price Target Raised to $240 by Barclays, Named ‘Most Attractive’ AI Stock
NVIDIA Corporation (NASDAQ:NVDA) is one of the Buzzing AI Stocks on Wall Street. On September 25, Barclays reiterated the stock as “Overweight” and raised its price target to $240 per share from $200. The firm believes Nvidia is the ‘the most attractive name in our space.’
Analyst Tom O’Malley believes more than $2 trillion in announced AI infrastructure spending will eventually filter into the company’s results.
“When tracking AI capacity additions over the [last twelve months], AI [total addressable markets] don’t seem so outlandish anymore and NVDA looks like the most interesting name in our group.”
In the beginning, analysts were skeptical when Jensen Huang predicted that the AI industry would be worth…
