Nvidia has been the market leader this year, and Goldman Sachs expects it to maintain that position going forward.
The bank added the chipmaker to its Americas conviction list for the month. It has a buy rating and a price target of $605, implying upside of 39%. These companies were chosen from Goldman's shortlist of 20 to 25 buy-rated stocks across its Americas coverage.
mountain Monster year for NVDA The bank also added IT stock Okta and Cintas to its list, while removing Salesforce and Johnson Controls . Goldman sees Okta as another potential AI beneficiary, adding it expects to see accelerated backlog and recurring revenue as customer demand picks up and opportunities emerge from new product initiatives. Goldman has a $100 price target on Okta, implying shares could gain roughly 22.7% from Friday's close.
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