When will nivida hit 160

Nvidia is expected to reach its price target of $160 in the near future, based on the following analysis:

1. Current Price and Recent Performance: As of the latest data, Nvidia's closing price was $146.27, which is already very close to the target price of $160. The stock has been performing well, with a recent high of $149.33 and a 5-day moving average of $147.27, indicating a strong upward trend.

2. Analyst Ratings and Price Targets: The consensus rating for Nvidia is a "Strong Buy" with an average price target of $154.53. While this is slightly below the $160 target, the strong buy rating and the fact that the average price target is above the current price suggest that analysts believe the stock has room to grow.

3. Revenue Projections and Market Potential: Analysts are optimistic about Nvidia's future revenue, with expectations of $5-6 billion in sales for the January quarter due to the Blackwell chip revenue. This potential growth in revenue could support a higher stock price.
4. Market Sentiment and Historical Performance: Nvidia's stock has risen to intraday records as Wall Street analysts hold firm to their bullish positions. The stock has also risen 76% of the time in the month of November over the last 25 years, and from October 22nd to yearend, it has appreciated by the same amount, making it one of the highest performers in the S&P 100.
5. Morgan Stanley's Price Target Increase: Morgan Stanley has raised its price target from $150 to $160, citing Nvidia's recent bullish performance and anticipated easing of supply-chain challenges. This increase in the price target reflects a more positive outlook on the stock's future performance.

Considering these points, it is reasonable to expect that Nvidia's stock price will hit $160 in the near future. However, it's important to note that stock prices are subject to market fluctuations and other factors, so there is always some degree of uncertainty.