Analyst sets newest Nvidia stock price target

Bank of America (BofA) has reiterated both its Buy rating for Nvidia (NASDAQ: NVDA) and its stock price target of $180 for the next 12 months, roughly a 27% increase.The steady confidence is, of course, the result of Nvidia’s dominant position in the artificial intelligence (AI) sector and aligns with the overall Wall Street consensus, which sets the price target at just north of$ 176.Vivek Arya, a securities stock analyst at BofA, pointed to Nvidia’s 86% year-over-year (YoY) revenue growth as evidence of i ...