Can anything slow Nvidia's ascent? That's the question on the minds of most investors as the tech darling continues to break records. This week alone the company briefly passed mighty Microsoft to notch the title of the world's most valuable company (though by Friday it had dipped back into 2nd place). According to Fortune's calculations, $1,000 invested in NVDA stock 10 years ago would be worth almost $300,000 today.
But the analysts at Bank of America believe there's still plenty of room for NVDA to run. In a recently published note analysts Vivek Arya, Duksang Jang, and Lauren Guy write that while the stock's steep climb make it "vulnerable" to profit-taking, any volatility is likely to be short-lived. (They note that Nvidia is already up 50% in Q2 vs. 4% for the S&P 500). They put a price target of $150 on the stock, which as of midday Friday was trading just above $126.
