The average price target is 205.74 with a high forecast of. On top of all that, BofA Global Research analyst Vivek Arya is preparing for Nvidia to cut its forward guidance in its upcoming quarterly press release. Based on the share price being below its 5, 20 & 50 day exponential moving averages, the current trend is considered strongly bearish and NVDA is experiencing. Based on 32 Wall Street analysts offering 12 month price targets for Nvidia in the last 3 months. Specifically, they’re bracing for Nvidia to post earnings of 59 cents per share, indicating a year-over-year (YOY) decline of 43.3%. In the updated quarterly pre-announcement, however, the company stated its second-quarter revenue is expected to reach only $6.7 billion.įurthermore, analysts on Wall Street aren’t expecting much from Nvidia. Previously, Nvidia had indicated that revenue for Q2 would be $8.1 billion. Nvidia and a BofA Analyst Aren’t Optimistic 8, Financial Times reported that Nvidia “cut its financial guidance for the three months to July, warning that weaker gaming revenue would hit earnings.” This isn’t shown on Nvidia’s news page, but that’s understandable. Based on our forecasts, a long-term increase is expected, the 'NVDA' stock price prognosis for is 812.014 USD. Amount of Analyst Coverage NVIDIA has been the subject of 19 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Heck, even the company itself is somewhat pessimistic. NVIDIA Corp quote is equal to 212.580 USD at. According to analysts' consensus price target of 214.62, NVIDIA has a forecasted upside of 77.7 from its current price of 120.76. Nvidia shares already traded at that price, and if the general sense of pessimism is wrong, a revisit of $300 isn’t out of the question at all. The stockholders really need to see some share-price movement, and I picked $300 as a realistic target. Besides, the share price sank from $300 at the beginning of 2022 to less than $200 in recent weeks. Sure, Nvidia pays a dividend, but it’s only 0.09% per year.
Markets US Stocks Electronic Technology Semiconductors NVDA. Based on our forecasts, a long-term increase is expected, the NVDA stock price prognosis for 2027-10. Nvidia’s quarterly release will be high-stakes because NVDA stock holders could really use a boost now. NVDA Stock Forecast Price Target for 2023 TradingView India. NVIDIA Corp quote is equal to 120.830 USD at.
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