"Nvidia's Stock Surge: Analysts Predict $1,000 Target After Morgan Stanley's Upgrade"
TL;DR Summary
Morgan Stanley analyst Joseph Moore raised the price target for Nvidia (NVDA) stock to $750 per share, citing a positive outlook for the company's data center revenue. This represents a 10% potential increase over its prior closing price and is higher than the analyst consensus. Moore maintains an "overweight" rating for NVDA stock and expects the data center outlook to reach $88 billion in 2024 and slightly higher in 2025.
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