Daiwa Raises NVDA Target to $205, Says the Chipmaker Is Undervalued

NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks Analysts Are Tracking Closely. On September 17, Daiwa reiterated the stock as “Outperform” and raised its price target on the stock to $205 per share from $165. The firm believes that Nvidia is “undervalued.”

“NVIDIA keeps marching forward carrying on its broad shoulders the AI mantra. CEO Jensen Huang’s is traveling the world, and having success, supporting this effort.”

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services.

While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 AI Stocks You Should Not Ignore and 10 Trending AI Stocks on Wall Street.

Disclosure: None.