#1 - NVIDIA (NASDAQ:NVDA)
The gains that investors have made in NVIDIA Corp. (NASDAQ: NVDA) may make you think that it’s too late to make a profit from this stock. But the company’s latest earnings report revealed why that’s simply not the case.
Demand for the company’s current and next generation of graphic processing units (GPUs) remains strong. In fact, the company described demand as “incredible.” The only factor that could hold back further revenue gains in 2025 would be an inability to keep up with the insatiable demand, which is unlikely.
As of November 27, 2024, NVDA stock had pulled back about 3.5% since the company reported earnings. However, more than a dozen analysts have increased their price targets since the company’s earnings report. The consensus price target of $164.15 offers investors more than 21% upside. And with earnings expected to grow by up to 41% in the next 12 months, that consensus price may move higher in the coming quarters.
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
- $137.01
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 40 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $164.15 (19.8% Upside)
