Wall Street remains generally bullish about Nvidia(NASDAQ: NVDA). The stock has skyrocketed more than 150% year to date and now boasts a market cap of nearly $3.2 trillion. Even after this huge gain, 21 of the 38 analysts surveyed by LSEG this month still recommend Nvidia as a buy or strong buy.
But that optimism pales in comparison to what one hedge fund manager expects. EMJ Capital's Eric Jackson predicts Nvidia will be worth $6 trillion by the end of 2024. Could he be right?
The biggest Nvidia bull on Wall Street right now is Rosenblatt Securities' Hans Mosesmann, who set a 12-month price target for the stock of $200. Mosesmann is definitely an outlier. The average price target for Nvidia is a little below the current share price, according to LSEG. Jackson's view makes Wall Street, including Mosesmann, look downright pessimistic.
