We're hiking our price targets on Nvidia and two other rallying portfolio stocks

📆 22.03.2024 21:49:00
📰 CNBC

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Since the gains in these stocks look like they have legs, we're taking our numbers up.

This week's strong market pushed three of our portfolio stocks well clear of our current price targets. Since these rallies look like they have legs, we're taking our numbers up. Nvidia price target increased to $1,050 NVDA YTD mountain Nvidia YTD Coming off a bullish GTC conference where Nvidia CEO Jensen Huang made the case that the artificial intelligence investment cycle is still in its early innings, we are increasing price target on the chip giant to $1,050 per share from $850.

NVIDIA's founder and CEO Jensen Huang speaks during the annual Nvidia GTC Artificial Intelligence Conference at SAP Center in San Jose, California, on March 18, 2024.This week's strong market pushed three of our portfolio stocks well clear of our current price targets. Since these rallies look like they have legs, we're taking our numbers up.

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