Barclays analyst Thomas O’Malley has issued a ‘strong buy’ rating for Nvidia stock (NASDAQ: NVDA), setting a price target of $275. The analyst recommends investors take an entry position at the current price range of $170-$177, citing the company’s domination in the AI sector and its critical services to tech titans. If the target is achieved, it would represent a profit of nearly $100 per share and over 50% upside.
Barclays analyst Thomas O’Malley has rated Nvidia stock as a ‘strong buy’ with a $275 price target. He has a success rate of 59.04% on stocks he recommends and now urges traders to buy Nvidia.
The recommendation is based on Nvidia’s domination in the AI sector, with several tech titans dependent on its services. These services include GPUs, enterprise-grade AI, generative AI, and accelerated computing.
The analyst recommended clients take an entry position into NVDA at its current price of $170-177. If his $275 prediction proves accurate, traders could profit nearly $100 per share. This represents more than 50% upside, turning a $1,000 investment into approximately $1,550.
O’Malley argued that the ongoing market downturn could be temporary, affected by the Israel-Iran-US conflict. He suggested stocks could soar after the geopolitical tensions cool down.
Nvidia stock is currently near its lowest price point of $177, with potential to fall below $170. The demand for the stock remains strong with both retail and institutional investors seeking investment.
Traders believe it could replicate stellar gains from 2020 to 2025 in the period from 2026 to 2030. The belief hinges on AI tech advancement lying in the company’s hands, making a long-term investment potentially rewarding.
