Nvidia Stock Gets Strong Buy Rating From Zacks Research: See Target

The Zacks Research Team has given Nvidia stock (NASDAQ: NVDA) a strong buy rating in a note sent to clients last week. The leading research and analytical firm is confident of a quick profit if an entry position is taken below the $210 level. The leading global GPU manufacturer has been experiencing several price spurts, only to see its price fall below the $200 level.

The research firm wrote in a note to clients that short-term holders could make another quick buck, as Nvidia stock could see a brief rise before heading back in value. The price prediction also estimates that traders could make double-digit profits even if they take an entry position at $206. However, the best strategy could be to further accumulate the dips if it falls below the $200 zone.

Also Read: DA Davidson Cuts Google Stock Price Target After 10% Crash

Nvidia Stock (NVDA) Price Target: Zacks Research Team Short-Term Prediction

Nvidia stock has received a price target of $234 from the Zachs Research Team. That’s a profit of $28 per share if traders take an entry position on Monday at $206. It is also an uptick and return on investment (ROI) of approximately 14% from its current price. Therefore, an investment of $1,000 could turn into $1,140 if the price prediction turns out to be accurate. This is stellar gains for the short term, as not every asset can deliver 14% quick gains.

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