Nvidia and Robinhood Show Significant Stock Upside Potential
Nvidia (NASDAQ: NVDA) and Robinhood Markets (NASDAQ: HOOD) have recorded returns of 1,170% and 875%, respectively, since January 2023. Despite these gains, Wall Street analysts suggest both stocks are undervalued. Nvidia has a median target price of $261, indicating a potential upside of 43% from its current price of $182. Robinhood’s median target price stands at $123, suggesting a 62% upside from its current price of $76.
Nvidia reported a 73% increase in revenue to $68 billion for the fourth quarter, driven by significant growth in its data center sales—58% in compute and 263% in networking. Meanwhile, Robinhood is expanding its brokerage services with a focus on younger investors, recently launching an AI investing assistant called Cortex. With the millennial and Gen Z population projected to inherit over $100 trillion in assets, Robinhood is poised for growth in several service categories.
