Semiconductor giant Nvidia (NVDA) remains underperforming its Big Tech peers, even though its stock price hit a record high earlier this week, according to Bank of America analyst Vivek Arya. It is said to be “underrated.”
BofA’s analyst team raised their price target on Nvidia to $190 per share from $165, and Aria said Nvidia is on the cusp of a “generational opportunity” that lies ahead. This upward revision comes as NVIDIA prepares to announce its third quarter financial results on November 19, 2024.
Yahoo Finance anchor Julie Hyman compares Nvidia’s PEG ratio (price/earnings to growth) to other Magnificent Seven technology companies and Broadcom (AVGO) in today’s chart.
Watch Bank of America’s Vivek Arya talk more about his stock call on Nvidia with Yahoo Finance Editor-in-Chief Brian Sozzi in this morning’s opening bid.
For more expert insights and analysis on the latest market trends, visit See the Trends here.
This post was written by Kevin Hall.
