Nvidia Stock Headed Toward $700?
- Tuesday, August 18, 2020, 5:53
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Nvidia (NASDAQ: NVDA) has seen its stock rise almost 2x this year, and 3.5x since the start of 2019. The stock now trades at nearly 60x projected 2021 earnings, with 2021 EPS expected to come in at around $8.00 (vs $4.59 in 2020). Does this make the stock expensive? We don’t think so.
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