Nvidia (NASDAQ: NVDA) share costs have not too long ago reversed course after seemingly pushing greater for months with out a breather. The inventory now trades practically 13% off its intraday excessive worth of over $140 per share hit final month.There’s one Wall Avenue analyst who thinks shares of the substitute intelligence (AI) chief will quickly rebound and even exceed its all-time excessive. Morgan Stanley analyst Joseph Moore put out a brand new observe on Nvidia on Monday growing his worth goal from $116 to $144 per share. Moore decided that share worth primarily based on what he sees as a soar in earnings per share (EPS) by means of subsequent yr. Moore thinks Nvidia inventory is value shopping for as his new worth goal would signify a achieve of about 17.5% from its present worth.Nvidia’s “compelling narrative”After information checks pointed to sturdy demand in China and Taiwan, in addition to the U.S., Moore raised his EPS estimate for the semiconductor large from $2.94 to $3.34 per share for subsequent yr. Moore believes Nvidia, “stays probably the most compelling narrative within the AI [semiconductor] area, and as we transition from H100 to H200 after which Blackwell, visibility and backlog will enhance materially.”That final level is the important thing to an funding in Nvidia proper now. Even after its current correction, Nvidia shares had run up forward of income and earnings progress. In different phrases, additional progress is already constructed into the inventory worth to some extent.However at the same time as Nvidia prepares to start bulk shipments of its new, Blackwell AI platform, its H100 and H200 graphics processing items (GPUs) are nonetheless in excessive demand. That is as a result of lots of Nvidia’s prospects have been ready in line to get these high-strength computing chips wanted for coaching generative AI fashions.These gross sales will stay sturdy at the same time as shipments of the brand new Blackwell chip speed up. That is why buyers ought to nonetheless really feel snug shopping for Nvidia shares. Even after the huge features, there’s a sturdy base of gross sales, and a good stronger pipeline of recent AI merchandise forward.Must you make investments $1,000 in Nvidia proper now?Before you purchase inventory in Nvidia, take into account this:The Motley Idiot Inventory Advisor analyst group simply recognized what they imagine are the 10 finest shares for buyers to purchase now… and Nvidia wasn’t certainly one of them. The ten shares that made the minimize may produce monster returns within the coming years.Take into account when Nvidia made this checklist on April 15, 2005… in the event you invested $1,000 on the time of our suggestion, you’d have $761,658!*Inventory Advisor gives buyers with an easy-to-follow blueprint for fulfillment, together with steering on constructing a portfolio, common updates from analysts, and two new inventory picks every month. The Inventory Advisor service has greater than quadrupled the return of S&P 500 since 2002*.Story continuesSee the ten shares »*Inventory Advisor returns as of July 2, 2024Howard Smith has positions in Nvidia. The Motley Idiot has positions in and recommends Nvidia. The Motley Idiot has a disclosure coverage.Is Nvidia Inventory Going to $144? 1 Wall Avenue Analyst Thinks So. was initially printed by The Motley Idiot