Next from Never base your predictions on analysts' predictions 👇
I'm a little amused by HSBC's prediction on $NVDA-0.4% stock right now. They raised their price target to $780 per share, the previous target was about $100 lower. The funny thing is that earlier in the year there was one company here that was loud and clear on Nvidia saying Sell (target was maybe $135 or $136). Do you know which company that was? 😀 Yes, HSBC.
Nvidia
NVDACapital Structure
Market Cap
3.0T
Enterpr. Val.
3.1T
Valuation
P/E
72.3
P/S
38.2
Their price target was the lowest of all at the beginning of the year, now they have the bar the highest. Now consider that someone decided to sell according to their prediction and the share price skyrocketed to $450. And now that we're near ATH, it's a clear buy 🤦♂️
And I thought being an analyst was something particularly difficult... and all you have to do is drink :-D
I'd like to hear the reasoning for the $780 price tag. Madness. 😁
I don't know about anyone else, but I don't think I'd be shopping now. As fast as it has skyrocketed, it can and I think will go down as time goes on.