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Barchart
Barchart
Mark R. Hake, CFA

Nvidia Stock Treads Water but Analysts Keep Raising Their Price Targets

Nvidia NVDA Barchart OTM Seeking Alpha

Nvidia Inc (NVDA) stock has been treading water since releasing excellent earnings on Aug. 28, three weeks ago. However, analysts keep raising their price targets. This makes shorting out-of-the-money (OTM)put options a superb strategy.

The reason is that the market appreciates the powerful free cash flow (FCF) that Nvidia is gushing forth on a massive scale. As a result, price targets for NVDA stock are now over 25% higher than the stock price.

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