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Nvidia (NVDA) stock has pulled back from recent highs, but one Wall Street firm believes the long-term story is far from over. It is hardly surprising that Tigress Financial is growing even more confident in Nvidia. The firm recently lifted its price target on NVDA stock to $360 from $350 and reiterated its “Strong Buy” rating, pointing to the company’s dominant position in AI data center infrastructure.
This new target price, which is also the highest estimate, indicates a potential upside of 96% from current levels. NVDA stock is down 2.6% year-to-date (YTD) and down 14% from its 52-week high, making the recent dip a potential buying opportunity.