NVIDIA Corporation (NASDAQ:NVDA) is one of the Best Stocks to Buy Now for High Returns.
The stock remained mostly flat over the past month, with only a 1.18% gain
However, the Street remains bullish on the stock with analysts expecting more than 47% upside over the next 12-months. Recently, on July 8, TD Cowen analyst Joshua Buchalter reiterated a Buy rating on NVIDIA Corporation (NASDAQ:NVDA) with a $275 price target. The analyst noted that Nvidia has an unprecedented competitive edge as AI moves beyond chatbots into industries like healthcare and robotics.
He added that this edge comes from the company’s integrated hardware and software platform, which has the potential to work seamlessly together. The analyst added that he gained confidence from the company’s investor lunch with TD Cowen. The discussions with the management reinforced his view that AI spending remains durable across a range of applications and customers.