NVIDIA Stock: Expected to Reach $428,211 by 2030
UBS Raises Target Price to $1,100
NVIDIA Corp (NVDA) is projected to witness a remarkable increase in its stock value in the years to come. According to analysts, the company's NASDAQ NVDA stock is forecasted to reach an impressive average price of $428,211 by the end of 2030.
This bullish forecast is backed by several factors. UBS recently upgraded its price target on NVIDIA stock to $1,100, citing the company's strong financial performance and expanding product roadmap.
Lead analyst Beth Kindig believes that NVIDIA has the potential to achieve a market capitalization of $10 trillion by 2030 or even sooner. This growth is attributed to the company's rapid product development cycle, which is expected to yield innovative advancements in artificial intelligence (AI), cloud computing, and data center solutions.
As of June 10, NVIDIA's stock is trading at approximately $120 per share following its recent stock split. However, Kindig projects that the company could ultimately secure a $10 trillion valuation by the end of 2030, representing a staggering growth trajectory.
NVIDIA's performance has been remarkable in the past year, with its stock climbing from $302 billion in market capitalization in 2023 to $622 billion in 2023.
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