The average analyst price target is $685.43, which implies 14.3% upside potential to current levels. Nvidia’s shares have gained 72% over the past year, while the stock still scores a Strong Buy consensus rating based on 24 Buys and 2 Holds. We see several structural tailwinds driving sustained outsized top-line growth: gaming, data center/ AI accelerators, and autonomous vehicles.” Through its Mellanox acquisition, NVDA expanded its DC footprint from AI-accelerators to providing highspeed networking interconnects. Today, its parallel processing capabilities, supported by thousands of computing cores are essential for deep learning AI algorithms in data centers. This suggests a possible upside of 77.7 from the stocks current price. On average, they expect the companys share price to reach 214.62 in the next year. Their NVDA share price forecasts range from 133.00 to 320.00.
The GPU was initially used to create graphics for video games and film. 35 Wall Street research analysts have issued 1 year price objectives for NVIDIAs shares. Schafer said, “Nvidia has transformed from a graphics company to becoming a premier leading AI computing platform company. After the split, the price was 645.57/7 92.70 per share.
In its most recent Q4 earnings report, the company reported full-year 2021 revenue and earnings of $16.68 billion and $10 per share, up 53% and 73% year-over-year respectively.Īnticipating a robust performance in the upcoming Q1 report, Oppenheimer analyst Rick Schafer maintained a Buy rating on the stock with a price target of $700, which implies 16.7% upside potential to current levels. Before the company announced the split, Apple’s stock was trading at a price of 645.57 per share.
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