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Sep 03, 2026,
New Street Research Global Technology Managing Partner Pierre Ferragu believes Nvidia Corp. (NASDAQ:NVDA) stock is “extremely cheap” on a forward earnings basis, predicting the company is “very likely” to hit $400, about 78% higher from the current levels, within the next 18 months. NVDA Stock ‘Extremely Cheap’ Valuation Speaking on CNBC’s Squawk Box, Ferragu challenged the notion that Nvidia has grown too large to deliver outsized returns. He argued that the market has yet to fully price in the sheer scale of global artificial intelligence adoption and the company’s ability to generate cash. “One thing to note, though, all these…