Wall Street sets Nvidia (NVDA) stock price for the next 12 months
Nvidia(NVDA) Finbold·2024-11-29 18:01
Nvidia (NASDAQ: NVDA) closed Monday at $135.34, down 1.15%, with the stock briefly falling to $132.08 during intraday trading before managing to recover slightly by the end of the session.Despite this small rebound, Nvidia is struggling to maintain momentum and now finds itself near the lower end of its recent trading range.At its current valuation, Nvidia’s price-to-earnings (P/E) ratio stands at a lofty 61x, reflecting the market’s long-standing premium for the company. Interestingly, this matches the rel ...