- NVIDIA stock closed at $222 after rising 1.34% on Friday, with analysts now projecting it will avoid a decline back to the $200 range.
- Bernstein analyst Stacy Rasgon issued the most bullish Price Prediction for NVDA this year, setting a new target of $400 — an approximate 80% return from current levels.
- A $1,000 investment in Nvidia stock today could turn into $1,800 if the price target is met, according to Bernstein’s note to institutional clients.
Nvidia stock (NASDAQ: NVDA) closed Friday at $222 after rising 1.34%, and asset management firm Bernstein has delivered its most bullish price prediction for the equity. Stacy Rasgon, Bernstein stock market analyst, wrote in a note to institutional clients urging them to begin taking an entry position in Nvidia, projecting that the stock would reach a new target of $400.
This price prediction marks an uptick and return on investment of approximately 80% from its current price. Consequently, an investment of $1,000 could turn into $1,800 if the price prediction turns out to be accurate.
Nvidia has been the most sought-after equity since 2020 for its unprecedented returns, with both retail and institutional funds relentlessly buying NVDA because it dominates the AI industry. Wall Street analysts now project that NVDA could move forward and not see a decline to the $200 range, as it slowly picked up steam to comfortably sit above the $220 level.
The financial entity is confident that not only would NVDA rise, but it would rise close to delivering gains of more than 50%, making the asset a lucrative buy if the prediction is accurate. Meanwhile, an investment now with a wait period of five to 10 years can make investors’ portfolios swell.
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