Bank of America predicts a strong upcoming rise for Wall Street stock

Bank of America recommends buying this stock .

 

Bank of America analysts said they still hold their opinion on Nvidia stock 

They still see it as one of the best buys. 

The analysts raised their target price for the stock from $190 to $200 per share. 

They said in a note issued on Wednesday

(We reiterate our positive assessment of Nvidia stock as the company remains in a strong position in the artificial intelligence market).

It is worth noting that the company's revenue reached $39.3 billion 

which exceeded expectations of $38.3 billion

and the company is currently expected to achieve revenue of $43 billion for the first quarter of the year.