Citigroup Sets Nvidia $300 Price Target on July 8, Implying 50% Upside

NVDA-0.47%
According to Atif Malik, an analyst at Citigroup, the firm maintained a 'Buy' rating for Nvidia stock (NASDAQ: NVDA) on July 8. Malik set a 12-month price target of $300, implying approximately 50.2% upside potential. He cited Nvidia's 75% gross margins and continued dominance in AI training, combined with a forward P/E of roughly 19x, as justification. Additionally, Joshua Buchalter from TD Cowen reiterated a 'Buy' rating with a $275 price target. According to TipRanks, 37 analysts surveyed have set an average 12-month price target of $309.33 for Nvidia, with the stock trading at $199.6 as of July 9.
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