Analyst Bio:
Analysts remain overwhelmingly bullish on Nvidia Corp.’s shares despite a near tripling of the stock price so far this year, and their average price target implies about 20% upside from here.
Rosenblatt Securities analyst Hans Mosesmann, however, sees room for a far more dramatic rally. He lifted his price target on Nvidia’s stock to $800 late Wednesday, writing that he expects the company to deliver a beat-and-raise report when it posts earnings next week, even as Nvidia appears unable to meet all of the furious demand for its artificial-intelligence hardware.
