Mizuho Securities’ Managing Director Jordan Klein has set a price target of $160-$170 for chip giant Nvidia’s stock in the first quarter of 2025. This represents an upside potential of 14.8% to 22% from current trading levels. Klein cites three main catalysts that could drive this upward trend, including Nvidia’s participation in major events such as CES and its Q2 FY25 earnings report.
Klein believes Nvidia’s positioning remains strong in the GPU and AI markets, with the company’s most advanced architecture, Rubin, set to be showcased at CES. Additionally, the analyst expects cloud hyperscalers like Nvidia to deliver positive earnings surprises in 2025, driving revenue growth. The Nvidia GTC conference is also seen as a key driver of stock price appreciation.
Analysts remain bullish on Nvidia, with Wall Street optimistic about the company’s product roadmap and market positioning. On TipRanks, NVDA stock has a Strong Buy consensus rating based on 37 Buys and three Holds. With an average price target of $176.14, this represents 26.4% upside potential from current levels.
Source: https://www.tipranks.com/news/nvidias-stock-price-could-hit-160-170-in-q1-says-mizuho