Market Predictions for Nvidia and Circle Internet Group
Analysts Mark Lipacis from Evercore and Jeff Cantwell from Seaport Research project significant growth for Nvidia and Circle Internet Group over the next year. Lipacis estimates Nvidia’s stock could rise to $352 per share, indicating a 95% increase from its current price of $180. Conversely, Cantwell sets a target of $280 per share for Circle, projecting a remarkable 215% upside from its current price of $89.
Nvidia, the leader in AI infrastructure, outperformed the S&P 500 this year and is expected to maintain over 80% market share in AI accelerators. The company recently gained approval to sell its H200 GPUs in China, which could lead to upward revisions in earnings estimates. Meanwhile, Circle, known for its USDC stablecoin, is positioned well for growth in the $315 billion stablecoin market, with estimates suggesting it could reach $2 trillion by 2030. Analysts expect Circle’s revenue to grow at 32% annually through 2027.
