Nvidia stock is still cheap based on a forward price-to-earnings multiple, according to a hedge fund manager.
Eric Jackson expects Nvidia stock to hit $250 per share by the end of the year, doubling from current levels.
Jackson expects Nvidia stock to hit $250 by the end of the year, representing potential upside of 101% from current levels.
And it's all because Nvidia stock is still cheap on a valuation basis, according to Jackson.
AdvertisementConstellation Research and Rosenblatt have a $200 price target for Nvidia stock, while Bank of America recently reiterated its $150 target.
Persons:
Eric Jackson, —, EMJ Capital, Jackson, it's, Blackwell, Rubin, Jackson isn't, Rosenblatt
Organizations:
Nvidia, Service, EMJ, CNBC, Cisco, Wall, Constellation Research, Bank of America