2/15/2023 0 Comments Nvda stock price target tip ranks![]() So using the TipRanks stock comparison tool, let us compare Coinbase, a pure-play cryptocurrency stock, and Nvidia, a chipmaker with exposure to cryptocurrency, and see how Wall Street analysts feel about these stocks.ĭespite the stellar performance, Q1 results did not seem to convince Mizuho Securities analyst Dan Dolev, who reiterated a Hold rating and maintained the price target at $225 on the stock. Yet, like it or not, cryptocurrencies are here to stay and could continue to gain acceptance in mainstream finance. Nevertheless, this year’s hot streak soon lost momentum as China and several other countries clamped down on cryptocurrencies and barred their banks from dealing in them.Ĭombining these factors, one can ascertain that there is plenty of skepticism around cryptocurrencies. Its growing acceptance, appearances on the balance sheet of publicly traded companies, and investors’ interest led to a meteoric rise in its value. Take Bitcoin, the most popular cryptocurrency, for example. Before jumping to any conclusion and treating them as an alternative investment, note that cryptocurrencies exhibit outsized volatility, implying they witness wild upswings and downturns. ![]() However, they continue to hog the limelight primarily due to their potential to deliver extremely high returns. Cryptocurrencies are far from mainstream.
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