Wall Street Analysts See Upside Potential for 5 Stocks with Rising Price Targets

In this article, we will discuss the 10 stocks whose price targets were recently raised by analysts. If you want to see more such stocks on the list, go directly to Wall Street Analysts See Upside Potential for 10 Stocks with Rising Price Targets.

05. NVIDIA Corporation (NASDAQ:NVDA)

Upside Potential: 22%

On May 7, analyst Toshiya Hari of Goldman Sachs increased the price target for NVIDIA Corporation (NASDAQ:NVDA), a technology company specializing in graphics, computing, and networking solutions, from $1,000 to $1,100. Hari also reiterated a Buy recommendation on the stock. Nvidia’s current market price stands at $911.35, which offers an upside potential of 22% following the upgrade. Goldman Sachs believes that NVIDIA Corporation (NASDAQ:NVDA) continues to trade at an attractive valuation in comparison to its peers, particularly given its rapid growth and the sustainable nature of its growth trends over the coming years. Analyst Hari sees opportunities for positive earnings per share revisions that could further drive Nvidia’s stock price upward. The current valuation of 35 times earnings is seen as a relative bargain, especially when compared to the stock’s historical premium over the past three years.

Hari’s optimism is bolstered by recent comments from major tech companies that suggest they will increase spending on AI infrastructure in 2025, building on an already significant level of investment in 2024. This trend plays directly into NVIDIA Corporation (NASDAQ:NVDA) strengths, as the company is a leading provider of AI technology solutions globally. Nvidia’s strategic position in delivering advanced graphics and computing solutions both domestically and internationally positions it to benefit from the growing demand for AI infrastructure. Investors can expect the company’s performance to continue to thrive, given the robust trends in the technology sector and NVIDIA Corporation (NASDAQ:NVDA) capacity to capitalize on them.