- NVIDIA stock opened Friday at $202, trading within a $190–$210 range.
- Morgan Stanley analyst Joseph Moore reiterated a buy rating with a $288 price target.
- The target implies a potential 43% return, turning a $1,000 investment into over $1,400.
- Moore boasts a 61.7% success rate, with prior calls on Micron stock hitting their target.
On Friday, Nvidia stock (NASDAQ: NVDA) opened at $202 as Morgan Stanley reiterated its buy rating, signaling double-digit returns for investors. The GPU maker has been trading in a narrow range between $190 and $210, creating a predictable price pattern.
Morgan Stanley semiconductor analyst Joseph Moore urged clients to accumulate dips near the $190 zone, noting that markets are again warming to the AI sector. He highlighted that a rally spurt could coincide with SK Hynix stock becoming available for U.S. trading at $149 under the ticker SKHY.
Consequently, Moore set a price target of $288 for Nvidia, representing an upside of $86 per share or roughly 43% from the current $202 level. A $1,000 investment at today’s price could therefore grow to more than $1,400 if the forecast proves accurate.
Meanwhile, Moore previously predicted that Micron stock would reach $1,200, a target that was achieved before a pullback below $1,000. Wall Street remains confident in a rebound, reinforcing Moore’s five-star rating and 61.7% success rate.
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