Nvidia’s stock price has experienced a recent pullback, but analysts believe this is just a temporary pause in the company’s upward trajectory. The technology giant’s impressive Q1 2025 earnings report and strong momentum over the past month have set the stage for a potential rally.
The cup-and-handle pattern formed on Nvidia’s chart suggests a rounded “cup” of consolidation and accumulation, followed by a short-term dip. A breakout from this formation could trigger a strong rally. TradingShot, a prominent online analyst, predicts a medium-term target of $200 based on a 2.0 Fibonacci extension.
Nvidia faces resistance at $143.60, which has been high since February 18. However, support from the 50-day and 200-day moving averages keeps the bullish pattern intact. Strong AI-driven growth is expected to continue, despite concerns over China.
While some analysts point to a bearish divergence in the Relative Strength Index (RSI), which hints at slowing momentum, many firms remain optimistic about Nvidia’s prospects. Several price targets have been raised, citing strong AI-driven growth. A potential short-term correction or consolidation may be on the horizon, but the overall bullish outlook remains intact.
Analyst TradingShot predicts a breakout from the cup-and-handle pattern by late September 2025, potentially pushing the stock to $200. However, dropping below the 50-day moving average could weaken this bullish outlook. The key will be to see if Nvidia can overcome the resistance at $143.60 and continue its upward trajectory.
Source: https://finbold.com/analyst-sets-date-when-nvidia-stock-will-hit-200