Loop Capital sees a massive gain ahead for shares of Nvidia . The investment firm maintained its buy rating but hiked its price target for the AI poster child to $350 per share from $250, representing a new upside of 73%. Analyst Ananda Baruah expects Nvidia will double its graphic processing unit shipments over the next 12 to 15 months to 2.1 million by the January quarter of 2026. He added that average selling prices are likely to expand as well. NVDA YTD mountain NVDA YTD chart "Our work suggests we are entering the next 'Golden Wave' of Gen AI adoption and NVDA is at the front-end of another material leg of stronger-than-anticipated demand," the analyst wrote. To be sure, Baruah noted potential risks to Nvidia's upward trajectory, including real estate and power constraints as well as
Nvidia will soar nearly 75%, says Loop Capital
CNBC Investing7 hrs ago
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