Why Wall Street analysts and Jim Cramer think Nvidia has more room to run
Publishing timestamp: 2023-11-27 10:40:57
Summary
The article discusses how Wall Street analysts and CNBC's Jim Cramer believe that Nvidia shares have more room to grow. Analysts at Melius Research stated that Nvidia's stock is "quite cheap" compared to other semiconductor peers and that the company's software is not fully appreciated by investors. Cramer points to Nvidia's strong quarter and growth prospects as indicators of further potential. Melius reiterated its buy rating on Nvidia with a target price of $750, representing a 55% upside from its current trading level. Nvidia stock closed at a record high on November 20th.
Sentiment: POSITIVE
Tickers: NVDA,
Keywords: markets, technology, nvidia corp, jim cramer, investment strategy, investingclubsample, breaking news: technology, business news, stock takes, breaking news: markets,