NVDA Stock Price Forecast 2024
Average Target of $148,396
High Forecast of $249,473, Low Forecast Remains Undisclosed
The forecast for NVDA stock price in 2024 indicates an average target price of $148,396. The high forecast is set at $249,473, while the low forecast remains undisclosed. This signifies a potential upside of 258% for the stock.
Tech analysts believe that Nvidia's impenetrable moat will propel it to a $10 trillion valuation by 2030. The company dominates the gaming GPU market and is also a major player in artificial intelligence and autonomous driving.
The bank recently reiterated its $1500 price target for Nvidia, implying another 24% upside for the stock.Analysts expect Nvidia to continue dominating the gaming and AI markets, and believe that its recent acquisition of Mellanox will further strengthen its position.
According to the research reports of 43 Wall Street equities research analysts, the average twelve-month stock price forecast for NVIDIA is $130,250. This implies a potential upside of 81% for the stock.
Evercore ISI recently upgraded Nvidia to "outperform" and raised its price target from $1000 to $1200. The firm believes that Nvidia is more than just a chip company and that its software and AI capabilities give it a significant competitive advantage.
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