What Makes Analysts Bullish on NVIDIA Stock
NVIDIA (NVDA) stock has grown from just $107 at the start of 2017 to $249, growing 133% in 16 months. This strong growth made NVIDIA’s stock overvalued, prompting many analysts to change their ratings from “buy” to “hold.” In March, 43% of the 31 analysts covering NVIDIA recommended “buy,” and 53% recommended “hold.”