Analysts Bullish on Nvidia, Baidu, and Tesla Stocks Through 2024, But Risks Remain
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Nvidia's stock has huge upside potential of 123% in 2024 to $1,100 per share according to one analyst, thanks to its dominance in AI chips for data centers.
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Baidu's stock could double by 2024, reaching $222 per share, driven by its leadership in China's search market and fast-growing AI cloud business.
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Tesla's stock may rise 48% by 2024 to $380 per share due to high hopes for its new Cybertruck and its push into energy products beyond EVs.
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However, risks exist for all 3 stocks, like lower GPU prices for Nvidia, China's uncertain economy, and slowing EV demand and price cuts for Tesla.
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The article cites very bullish analyst price targets for 2024, but meeting them could prove challenging given the stocks' already steep valuations.