This remind me time when Tesla share price target was set by analysts more than 300 now same doing 150 190 140 😂😂 so don't believe in analysis of analysts
"Don't Sweat": Nvidia's Recent Slide Is a "Refreshing Noise," BofA Says
Nvidia shares have declined roughly 11% since the company's annual GTC event last month, but Bank of America said this is nothing new for investors and does not mean the fundamentals have changed. "While there is always the potential for near-term summer consolidation in NVDA stock , we believe the fundamentals are solidly on track and periods of consolidation tend to set the stock up for strong moves later," analyst Vivek Arya wrote in an investor note. Arya has a Buy rating and $1,100 price target on Nvidia shares. This marks the ninth time that Nvidia has declined 10% or more for the ninth time since ChatGPT was launched in late 2022. At current levels, shares are "compelling," trading at 28 times estimate 2025 earnings, with earnings growing at a 40% compound annual growth rate, Arya added. What, me worry?AI darling Nvidia enters correction territory The power sector’s growth is much lower than the demand for Gen-AI power - MS
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