Source: Wall Street See
Sasquahanna Bank analyst Chris Rolland in a recent report raised Nvidia's target stock price from $145 to $160, with a 21% upside from last Friday's closing price and a forward PE ratio of 51.5.
After a 165% surge this year, can the "AI leader" keep leading the US chip stocks to a wild ride? Bold Wall Street analysts predict that not only Nvidia can rise by another 1/5, but other component stocks of it also have a chance to follow the trend. $NVIDIA (NVDA.US)$The three stocks are $Rambus(RMBS.US)$, all of them are losers in the stock market this year. Lattice has fallen 13% since the beginning of the year, Rambus has fallen 18%, and Intel has fallen as much as 39%. $PHLX Semiconductor Index (.SOX.US)$Other component stocks of Nvidia also have the chance to follow the trend.
Chris Rolland, an analyst from Susquehanna Bancshares, raised Nvidia's target stock price from $145 to $160 in a recent report, with a new target price that has 21% upside potential from last Friday's closing price and a PE ratio of 51.5 times in the future.
Rolland said,
"Although this valuation is far higher than the average of about 28.5 times for peers, we believe it is reasonable because Nvidia can seize the opportunities in the booming end market."
Since the beginning of the year, Nvidia has accumulated a total increase of about 172%. According to FactSet data, although Rolland is optimistic about Nvidia's stock price rising 21%, his target price has now become the highest target price on FactSet.
FactSet data also shows that among all the components of the Philadelphia Semiconductor Index, there are three stocks with at least 23% upside potential from the average target price of analysts.
These three stocks are:$Lattice Semiconductor (LSCC.US)$, $Rambus (RMBS.US)$ and $Intel (INTC.US)$They are all losers in the stock market this year.
In terms of ratings, analysts are optimistic about Lattice and Rambus, with 71% of analysts giving a "buy" or equivalent rating for their stocks according to FactSet data. The average target price given by analysts suggests that Lattice has 26% upside potential, while Rambus has 25%.
For Intel, analysts' views are more divergent. Although the average target price suggests a 23% upside potential, only 28% of analysts are bullish on the stock. Among the 47 analysts tracked, 13 gave a buy rating, 30 gave a neutral rating, and 4 gave a sell rating.
Editor/tolk