Nvidia Stock Crowned ‘Top Pick’ by Wall Street’s Sharpest Mind After Strategic Meetings
Another day, another analyst slapping a 'buy' rating on tech's golden child—because clearly, the market needed more confirmation.
Nvidia's relentless AI dominance and backroom handshakes with industry titans have analysts reaching for superlatives. One heavyweight just doubled down, calling it the 'must-own' play of the decade.
Meanwhile, hedge funds quietly rotate out of their positions—but hey, who needs liquidity when you've got hype?
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Recently, Bank of America analyst Vivek Arya attended investor events in San Francisco, including a private dinner and a keynote session with Nvidia’s leadership team. He noted a “very positive” tone on demand and ongoing customer interest spanning cloud and enterprise sectors. He said that Nvidia remains a “,” well positioned to benefit from the “ongoing AI tide.”
Following these meetings, the 5-star analyst reiterated his Buy rating on Nvidia and maintained a $180 price target. Importantly, he noted that the company addressed three of the most critical investor concerns that have restrained the stock over the past year:
What Is a Good Price for NVDA?
Turning to Wall Street, analysts have a Strong Buy consensus rating on NVDA stock based on 36 Buys, four Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average NVDA price target of $171.62 per share implies 24.92% upside potential.
