NVDA set to soar by over 20%, META receives bullish price target upgrade

Welcome to Extreme Investor Network, where we bring you the latest insights and analysis on the world of investing. Today, we are diving into some exciting analyst calls and Wall Street chatter that could impact your investment decisions.

First up, we have Piper Sandler naming Advanced Micro Devices (AMD) as a top pick in the large-cap stock space. With an overweight rating and a price target of $175, analyst Harsh Kumar sees a 13% upside potential for the semiconductor stock. Kumar highlighted the competitive positioning of AMD’s MI Suite of products, with strong performance expected from MI300, MI325, and MI350 in the near future. Additionally, tailwinds in the server and PC business indicate a bright outlook for AMD moving forward.

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Next, JMP initiated coverage of Life360 with a market outperform rating and a price target of $38, representing a nearly 22% increase from its recent close. Analyst Andrew Boone sees significant growth potential for the location-based service provider app due to its freemium offering, growing user base, and maturation of its advertising business. With strong subscriber retention rates and a clear path to increased advertising revenue, Life360 is positioned for success in the market.

Stifel also raised its price target for Nvidia to $165, implying a 22% upside potential from its recent close. Analyst Ruben Roy cited the company’s recent stock split and leading position in high-yield markets as catalysts for growth. With opportunities in high-performance computing and accelerated computing on the horizon, Nvidia’s revenue and profitability are expected to soar in the coming years.

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Lastly, KeyBanc raised its price target for Meta Platforms to $540, reaffirming an overweight rating on the stock. Analyst Justin Patterson highlighted strong ad momentum and ongoing progress with AI as drivers of future gains for Meta Platforms. With a 41% rally year-to-date, investors are optimistic about the company’s ability to deliver attractive returns through its AI products.

At Extreme Investor Network, we keep you informed about the latest trends and opportunities in the investing world. Stay tuned for more updates and insights to help you make informed investment decisions.

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