10 AI Stocks Analysts Are Watching

3. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 234

NVIDIA Corporation (NASDAQ:NVDA) is one of the 10 AI Stocks Analysts Are Watching. On February 9, Bank of America reiterated the stock as “Buy” with a $275 price target. The firm said it is standing by the stock. Its price target is based on a forward valuation that reflects Nvidia’s robust position in fast-growing AI compute and networking markets.

This view is supported by the chipmaker’s market leadership, but offset by several risks.

“Our $275 PO is based on 28x CY27E PE ex cash, within NVDA’ s historical 25x-56x forward year PE range, which we believe is justified by NVDA’s leading share in fast growing AI compute/networking markets, offset by lumpiness in global AI projects, cyclical gaming market, and concerns around access to power.”

Analysts on Wall Street have a consensus “Buy” rating on the stock. The average price target of $250 implies a 30.23% upside; however, the Street-high target of $432.78 implies an upside of 125.44%.

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services.