There is just a handful of stocks that have sizeable upside expectations ahead after seeing a more than 1,000% compound return over the last decade. The past 10 years have been busy for the financial markets, with a technology boom followed by the pandemic's shakeup. Some stocks have been able to grow exponentially through it all. "Tenbaggers" are stocks that gain 10 times the value of their initial purchase price.
"We expect Nvidia to maintain its status as the accelerated computing industry standard for the foreseeable future given its competitive moat and the urgency with which customers are developing/deploying increasingly complex AI models," said Goldman Sachs analyst Toshiya Hari following the report. Hari now expects Nvidia shares to trade above $600 in the next year. Wall Street peers are similarly bullish. The average analyst sees another 30.7% upside over the next 12 months.
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