Nvidia stock (NASDAQ: NVDA) opened Tuesday’s bell at $110 after falling to the $90 mark after Trump’s Liberation Day. Fears were high of a plunge to the $50 mark but Trump’s announcement of a 90-day tariffs pause saved the GPU manufacturer. It managed to rebound in price by surging nearly 7% in the last five trading sessions. Investors who were brave enough to take an entry position when it fell to $90 are now comfortably in profits.
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While the markets could remain stable for the next 90 days due to the tariffs pause, July could experience a different picture. Unless Trump completely withdraws the tariffs, July could experience a bloodbath and wipe away all profits the markets generated in the last three months. Now that the time is ticking, what do Wall Street analysts predict will happen to Nvidia stock next? In this article, we will highlight how high or low NVDA could trade.
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Nvidia Stock: Bullish or Bearish Case For NVDA?
The recent price crash is seen as an opportunity for Wall Street to accumulate the dips on Nvidia stock. The trillion-dollar company’s stock is less valued and could ignite a bull run when the markets recover. Wall Street analysts on TipRanks predict that NVDA could surge to a high of $174 in the next 12 months. That’s an uptick and return on investment (ROI) of approximately 58% from its current price of $110.
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Therefore, an investment of $1,000 in Nvidia stock could turn into $1,580 in the next 12 months if the forecast turns out to be accurate. Out of 41 Wall Street analysts, 37 gave it a ‘Buy’ rating while 4 analysts suggested ‘Hold’. None of the strategists called to sell NVDA indicating that it’s now available at a discount. If Trump announces an end to tariffs, the AI sector stocks would be the first ones to soar.
