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Loop Capital: Nvidia still has pump potential, raising the target price to $350.
According to Mars Finance, on November 3, U.S. investment bank Loop Capital raised its target price for Nvidia (NVDA.O) from $250 to $350, implying a 73% rise potential, and maintained a “buy” rating. Analyst Ananda Baruah expects Nvidia's GPU shipments to double to 2.1 million units by early 2026, coupled with a rising price trend likely to drive revenue growth. Baruah noted that Nvidia is leading a new wave of AI “gold rush,” but cautioned to follow the risks of power supply, infrastructure, and regulatory policies. He believes the company will remain strong during the Blackwell chip cycle, with a long-term target price possibly reaching $400. Nvidia's stock price has risen 51% so far this year, and it increased another 2% in pre-market trading on Monday. Currently, out of 66 analysts, 60 give a “buy” rating, with positive market sentiment continuing. (Jin10)