#3 - NVIDIA (NASDAQ:NVDA)
NVIDIA Corp. (NASDAQ: NVDA) is another stock that, despite its high valuation, might still be worth holding your nose and buying anyway. You’ll pay a premium for NVDA stock, but with analysts forecasting average EPS growth of around 75% for the next three years, it’s a premium worth paying.
To be clear, NVIDIA will have competitors over the next decade, particularly as AI moves from data centers to devices. That may cause the company’s growth to slow down. But slowing earnings growth of around 20% is still enticing for many investors, particularly when that earnings growth comes with a massive increase in free cash flow (FCF).
About NVIDIA
NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.
Read More - Current Price
- $139.31
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 40 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $164.15 (17.8% Upside)
