Wall Street analyst sets Nvidia stock price for 12 months
The post Wall Street analyst sets Nvidia stock price for 12 months appeared on BitcoinEthereumNews.com. Vivek Arya, a Wall Street analyst at Bank of America Corp. (NYSE: BAC), has maintained a bullish outlook for Nvidia Corp. (NASDAQ: NVDA), as investors wonder why Nvidia stock is down as of July 8. Arya reiterated a Buy rating for Nvidia stock on July 7 in a note to clients. He further set his 12-month price target for NVDA shares at $350, implying a potential rally of about 77.4%, as the company’s stock traded at about $197.30 at press time. The analyst argued that the recent Nvidia stock pullback aligns with historical weak seasonal patterns. Nonetheless, Arya anticipates the company’s stock market to rebound in the near term, fueled by rising global cloud demand amid growth in AI (Artificial Intelligence) infrastructure. Specifically, Arya’s bullish Nvidia stock forecast for 2026 and beyond is bolstered by the ongoing tokenization of real-world assets (RWA) and the adoption of AI a