5 Most Promising Growth Stocks According to Analysts

2. NVIDIA Corporation (NASDAQ:NVDA)

Average Analyst Share Price Upside: 17%

NVIDIA Corporation (NASDAQ:NVDA) is a GPU designer and seller. Despite the fact that its shares are up by 249% year to date, analysts have rated them as Strong Buy on average and priced in an additional 17% upside through an average share price target of $588.54.

As of September 2023 end, 180 out of the 910 hedge funds covered by Insider Monkey’s research had bought and owned the firm’s shares. NVIDIA Corporation (NASDAQ:NVDA)’s largest hedge fund investor is Rajiv Jain’s GQG Partners as it owns $6.1 billion worth of shares.

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