NVIDIA (NVDA) Stock Forecast & Price Target

$147.27 -1.61 (-1.08%)

(As of 11:40 AM ET)

NVIDIA - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 43 Analyst Ratings

Sell
0

Hold
4

Buy
39

Based on 43 Wall Street analysts who have issued ratings for NVIDIA in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 43 analysts, 4 have given a hold rating, 37 have given a buy rating, and 2 have given a strong buy rating for NVDA.

Consensus Price Target

$143.07
-2.85% Downside

According to the 43 analysts' twelve-month price targets for NVIDIA, the average price target is $143.07. The highest price target for NVDA is $200.00, while the lowest price target for NVDA is $65.00. The average price target represents a forecasted downside of -2.85% from the current price of $147.27.

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NVDA Analyst Ratings Over Time

Type	Current Forecast 11/9/23 to 11/8/24	1 Month Ago 10/10/23 to 10/9/24	3 Months Ago 8/11/23 to 8/10/24	1 Year Ago 11/9/22 to 11/9/23
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	2 Strong Buy rating(s)
Buy	37 Buy rating(s)	37 Buy rating(s)	39 Buy rating(s)	35 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$143.07	$142.10	$131.31	$56.18
Forecasted Upside	-2.85% Downside	7.12% Upside	25.36% Upside	19.66% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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NVDA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NVDA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

NVIDIA Stock vs. The Competition

Type	NVIDIA	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.95	2.67	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	-3.90% Downside	569.28% Upside	7.42% Upside
News Sentiment Rating	Positive News See Recent NVDA News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/18/2024	Bank of America 4 of 5 stars		Boost Target	Buy ➝ Buy	$165.00 ➝ $190.00	+38.76%
10/11/2024	The Goldman Sachs Group 2 of 5 stars		Boost Target	Buy ➝ Buy	$135.00 ➝ $150.00	+11.27%
10/10/2024	Morgan Stanley 3 of 5 stars		Reiterated Rating	Overweight ➝ Overweight	$150.00 ➝ $150.00	+13.08%
10/8/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$175.00 ➝ $175.00	+31.34%
10/8/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$150.00 ➝ $150.00	+12.96%
9/18/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Naji Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform
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9/16/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Buchalter Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/29/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$138.00 ➝ $138.00	+14.32%
8/29/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$140.00 ➝ $140.00	+15.98%
8/29/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$130.00 ➝ $155.00	+28.41%
8/29/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$170.00 ➝ $170.00	+40.29%
8/29/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$90.00 ➝ $90.00	-25.73%
8/29/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$115.00 ➝ $155.00	+26.29%
8/29/2024	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$125.00 ➝ $165.00	+31.36%
8/29/2024	Westpark Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$127.50 ➝ $165.00	+31.36%
8/29/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$132.00 ➝ $140.00	+11.46%
8/29/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Strong-Buy ➝ Strong-Buy	$120.00 ➝ $140.00	+11.46%
8/29/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$120.00 ➝ $150.00	+19.42%
8/29/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$200.00 ➝ $200.00	+59.22%
8/29/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$155.00 ➝ $165.00	+31.36%
8/29/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$120.00 ➝ $145.00	+15.44%
8/27/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$140.00 ➝ $145.00	+14.66%
8/26/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$175.00 ➝ $175.00	+35.45%
8/23/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$145.00 ➝ $150.00	+21.22%
8/21/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$135.00 ➝ $145.00	+13.44%
8/6/2024	New Street Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Ferragu Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$120.00	+19.46%
8/5/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold ➝ Hold	$100.00 ➝ $100.00	-1.27%
7/9/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$130.00 ➝ $180.00	+40.41%
6/26/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$126.00 ➝ $150.00	+18.96%
6/24/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$135.00 ➝ $150.00	+25.49%
6/21/2024	Melius Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$125.00 ➝ $160.00	+27.31%
6/18/2024	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$98.50 ➝ $170.00	+25.39%
6/11/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$110.00 ➝ $150.00	+24.52%
6/10/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$1,200.00 ➝ $145.00	+21.45%
6/10/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$120.00 ➝ $145.00	+19.95%
5/24/2024	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$102.50	-1.25%
5/23/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$110.00 ➝ $110.00	+6.13%
5/23/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$120.00 ➝ $125.00	+31.65%
5/20/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$91.00 ➝ $108.50	+17.32%
3/6/2024	CICC Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$87.00	+1.21%
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2/16/2024	Piper Sandler Companies Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	$85.00	+16.99%
11/22/2023	Edward Jones Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
11/22/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$60.00 ➝ $65.00	+30.15%
8/28/2023	Phillip Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Accumulate ➝ Buy
8/24/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$74.50	+58.12%
6/29/2023	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$40.80 ➝ $47.50	+16.36%
3/22/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Chris Caso Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		$27.50	+4.97%
2/23/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$24.00 ➝ $26.00	+25.28%
12/12/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$20.00 ➝ $22.00	+30.07%
11/17/2022	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive	$18.00 ➝ $18.50	+16.28%
11/16/2022	Summit Insights Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 11:47 AM ET.

Should I Buy NVIDIA Stock? NVDA Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, October 28, 2024. Please send any questions or comments about these NVIDIA pros and cons to contact@marketbeat.com.

NVIDIA
Bull Case

Here are some ways that investors could benefit from investing in NVidia:

NVidia's recent earnings report exceeded analysts' expectations, showcasing strong financial performance with a return on equity of 113.50% and a net margin of 55.04%. This indicates the company's profitability and efficient use of shareholder equity.
NVidia's revenue for the quarter was $30.04 billion, surpassing analyst estimates of $28.74 billion, demonstrating robust revenue growth and potential for further expansion.
NVidia's stock price has been on an upward trend, reaching $134.80 on the market, with a 52-week high of $140.76. This positive stock performance indicates investor confidence and potential for capital appreciation.
Wall Street analysts have provided optimistic forecasts for NVidia, with a consensus rating of "Moderate Buy" and a consensus price target of $142.46, suggesting further upside potential for investors.
NVidia's stock repurchase program of $50.00 billion signals confidence from the company's leadership in the undervaluation of its shares, potentially leading to increased shareholder value.

NVIDIA
Bear Case

Investors should be bearish about investing in NVidia for these reasons:

Despite positive financial performance, NVidia's stock has a relatively high price-to-earnings ratio of 63.23, which may indicate that the stock is currently overvalued compared to its earnings potential.
NVidia's dividend yield is low at 0.03%, with a payout ratio of 1.88%, suggesting limited returns for income-seeking investors through dividends.
Market analysts have highlighted concerns about NVidia's high debt-to-equity ratio of 0.15, which may pose risks in terms of financial leverage and potential financial stability in the future.
NVidia's stock experienced a 0.00% decrease in ownership by key insiders, including the director and CEO, through recent significant share sales, potentially signaling lack of insider confidence in the company's future performance.
While NVidia has received positive ratings from analysts, there are still five analysts who have rated the stock as a hold, indicating some level of uncertainty or caution among a portion of the analyst community.

NVDA Forecast - Frequently Asked Questions

: According to the research reports of 43 Wall Street equities research analysts, the average twelve-month stock price forecast for NVIDIA is $143.07, with a high forecast of $200.00 and a low forecast of $65.00.
: 43 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NVIDIA in the last twelve months. There are currently 4 hold ratings, 37 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NVDA shares.
: According to analysts, NVIDIA's stock has a predicted downside of -2.85% based on their 12-month stock forecasts.
: Over the previous 90 days, NVIDIA's stock had 1 upgrade by analysts.
: NVIDIA has been rated by research analysts at Bank of America, Benchmark, Cantor Fitzgerald, Craig Hallum, DA Davidson, Evercore ISI, HSBC, JPMorgan Chase & Co., Loop Capital, Mizuho, Morgan Stanley, Needham & Company LLC, Piper Sandler, Raymond James, Robert W. Baird, Rosenblatt Securities, Sanford C. Bernstein, TD Cowen, The Goldman Sachs Group, Truist Financial, UBS Group, Wedbush, Wells Fargo & Company, Westpark Capital, and William Blair in the past 90 days.
: Analysts like NVIDIA more than other "computer and technology" companies. The consensus rating score for NVIDIA is 2.95 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how NVDA compares to other companies.

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This page (NASDAQ:NVDA) was last updated on 11/8/2024 by MarketBeat.com Staff

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NVIDIA (NVDA) Stock Forecast & Price Target