Bull Notes Lift Rallying Nvidia Stock's Price Target

Nvidia hit a fresh record high yesterday

Laura McCandless

Deputy Editor

Feb 13, 2024 at 2:13 PM

Nvidia Corp (NASDAQ:NVDA) is continuing its record-setting run, up 17% since the start of February and yesterday marking a fresh record high of $746.11. The stock is slightly higher today too, though paring larger gains from this morning after two hefty price-target hikes. Mizuho upped its price objective to $825 from $625, while UBS raised its to $850 from $580.

Notably this week, Nvidia just surpassed Amazon.com (AMZN) in market value. Plus, Beamr Imaging (BMR) stock skyrocketed in a meme stock-like fashion after news of the software name's collaboration with Nvidia.

NVDA is a staple on Schaeffer's Senior Quantitative Analyst Rocky White's list of stocks that attract the highest weekly options volume. Today, the stock has seen 701,000 calls and 376,000 puts exchanged, with the most activity at the February 750 call, where new positions are being opened.

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