Wall Street Analysts Believe Nvidia (NVDA) Could Rally 25.29%: Here's is How to Trade

Group 1 - Nvidia (NVDA) closed at $186.86, with a 2.8% gain over the past four weeks, and a mean price target of $234.12 indicating a 25.3% upside potential [1] - The average of 43 short-term price targets ranges from a low of $100.00 to a high of $350.00, with a standard deviation of $44.11, suggesting variability in analyst estimates [2] - Analysts show strong agreement on Nvidia's ability to report better earnings than previously predicted, which supports the view of potential upside [4][11] Group 2 - Over the last 30 days, the Zacks Consensus Estimate for Nvidia's current year earnings has increased by 0.6%, with three estimates moving higher and no negative revisions [12] - Nvidia holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, indicating strong potential for upside [13] - While the consensus price target may not be a reliable indicator of the extent of gains, it does provide a good guide for the direction of price movement [14]