Nvidia: A Multi-Bagger Candidate with Attractive Valuation and Growth

about 1 month ago

Jose Najarro

"Nvidia is a multi multi multibagger position in my overall portfolio and I still believe it has the opportunity to at least double from here. Maybe not over next over one year but over the next 5 years I still see this as a multibagger opportunity which to me is going to be a market outperformer. Now let's talk about right now where we are right now there is this massive bearish decence around the AI market. There's this massive just fear on AI stocks and that fear is creating in my opinion a great valuation price for Nvidia especially as we're going to see based on the growth on the financials right now as I am recording Nvidia's forward PE ratio is in the mid20s right now it's roughly 24.61 and this is much cheaper than its overall median that it has for nearly the past decade. So the company right now is much cheaper."

Jose Najarro underscores his bullish stance on Nvidia, citing its potential to double in value over the next five years and highlighting its attractive valuation evidenced by a forward PE ratio of around 24.61—significantly lower than its decade-long median of 33. He attributes the current undervaluation to widespread AI market fears, positioning Nvidia as a strong, multi-bagger opportunity despite its massive market cap.

Related Stocks