On July 1, 2021, BMO Capital Markets analyst Ambreish Slibastava set a target price of $ 1,000 for American semiconductor maker Nvidia (NVIDIA).
This number is an unprecedented high for Nvidia's target price by analysts. At that time, it was trading at close to $ 800 and as of July 13, it was trading at $ 820.
Nvidia's share price has risen 57% this year alone, up 95% compared to a year ago, but analysts remain bullish.
Currently, of the 46 Wall Street analysts, 83% say they "buy" Nvidia shares and 13% say they are "neutral," according to Bloomberg data. Only two people, BNP Paribas' David O'Connor and Morningstar's Avinab Doubleli, are "selling".
Let's take a look at why NVIDIA is so expected from both the bullish and bearish analyst reports on NVIDIA.
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