nvidias stock still has far more room to run despite monster rally analysts say even with a 160plus surge in nvidias stock this year analysts recommend that investors stay firmly aboard the train yes nvidias stock nvda now trades at more than 50 times forward earnings after its monster yeartodate rally but estimates have come up as well in the wake of wednesdays earnings report which brought an eyepopping outlook fueled by heavy customer spending on artificialintelligence products everyone has been looking for ways to play ai that arent as expensive as nvidia given the run this year bernsteins stacy rasgon wrote in a note to clients however perhaps nvda itself is the best way to accomplish that while still undeniably pricey it is clearly not quite as expensive as it looked and the narrative backed up by actual products and sales still has legs in our opinion rasgon boosted his price target on the stock to 475 from 300 nvidia shares up a staggering 27 in midday trading thursday recently changed hands near 389 see also if you own these stock index funds youre already invested in ai but there may be better strategies plenty of companies have talked about their various ai tailwinds and plenty of stocks have gotten boosts from the theme in recent months but nvidias ability to quickly show how that buzz has translated into real revenue seems to be the difference we believe this is just the beginning of a paradigmaltering generative ai wave and so far it seems that nvda is the one capturing nearly all the economics wrote barclays analyst blayne curtis who rated the stock at overweight with a fresh 500 target up from 275 before he recommended that investors continue to ride the nvda wave read unprecedented and unfathomable nvidia makes jaws drop on wall street as stock explodes higher harlan sur of jpmorgan doubled his price target also moving to 500 while writing of significant upside potential in shares dont miss nvidia barrels toward rare 1 trillion valuation after putting a dollar figure on ai boost this content was created by marketwatch which is operated by dow jones  co marketwatch is published independently from dow jones newswires and the wall street journal