Nvidia (NVDA) has recently experienced a significant decline, with its stock value dropping nearly 10% in a month. The stock peaked at $207 just a month ago before falling to the $179 mark at Thursday”s opening bell. This sharp correction has prompted traders to seize the opportunity to buy into the stock, anticipating future gains.
According to stock market analyst Joseph Moore from TipRanks, this price dip presents a favorable entry point for investors. Moore forecasts a bullish outlook for Nvidia”s stock in 2026, predicting it could reach between $235 and $250 per share. This forecast implies a remarkable return on investment (ROI) of approximately 405%, suggesting that a $1,000 investment today could grow to $1,400 if the predictions hold true.
Moore has assigned a five-star rating to Nvidia for the next financial year, indicating strong confidence in its performance. TipRanks has provided an even more optimistic scenario, suggesting that Nvidia could potentially hit a high of $352 next year, representing a staggering 97% increase.
However, it”s worth noting that the more conservative estimates indicate the stock might settle around the $250 range by 2026. In the worst-case scenario, the stock could decline to the $200 level, which remains higher than the current investment price of $179, making it a compelling option for long-term investors.
