Nvidia Stock Sees 57% Upside as Wells Fargo Predicts $315 Price Target

Nvidia stock (NASDAQ: NVDA) has reached a psychological level at $200, prompting both bulls and bears to make their move. While the bulls aim to push NVDA above $230, the bears want to pull it down to $180.

Leading global investment bank Wells Fargo has reiterated its price prediction for Nvidia stock. According to Aaron Rakers, a five-star-rated analyst with a 71.2% success rate, NVDA has a higher chance of rising above $200 and not below the $190 mark.

The analyst predicts that Nvidia stock could reach a price target of $315, representing a profit of $115 per share if investors take an entry position today at the $200 rate. This would be an uptick and return on investment (ROI) of approximately 57% from its current price.