Forecast for nvidia stock according to leading investment banks
According to leading investment banks, the forecast for Nvidia stock is supported by expected gross margin expansion to 78%, boosted by high-performance product mix. Should Nvidia's market projection pan out, this will actually be a fairly cheap price to pay, since it could result in revenue more than tripling over the next five years. The summer rally, from the April low to the September high, is worth approximately $90, or around 100%, which is the projection for where the stock is heading now. The base case is a movement equivalent to the dollar value, or $90, which places NVIDIA stock near $260 , or slightly above the analysts’ high-end range. Short interest in Nvidia has declined by 25% in the last month, reinforcing a bullish forecast for Nvidia stock among market participants.
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