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Evercore Analyst Raises Nvidia Price Target Ahead of Q2 Earnings
Evercore Analyst Raises Nvidia Price Target Ahead of Q2 Earnings
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BTCCSquare news:
Nvidia's stock outlook brightens as Evercore analyst Mark Lipacis lifts his price target to $214, citing undervaluation and robust AI-driven GPU demand. The chipmaker trades at a 33x forward P/E—below its historical median—while earnings are projected to grow 48% in 2025.
Lipacis dismisses concerns over Nvidia's 8% S&P 500 weighting, emphasizing PEG ratios below parity. The stock's 32% YTD gain reflects its dominance in AI infrastructure, with no direct crypto exposure noted.
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