NVIDIA (NVDA) Stock Forecast & Price Target

$136.02 -5.93 (-4.18%)

(As of 11/25/2024 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
3

Buy
40

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, 3 have given a hold rating, 39 have given a buy rating, and 1 has given a strong buy rating for NVDA.

Consensus Price Target

$164.15
20.68% Upside

According to the 43 analysts' twelve-month price targets for NVIDIA, the average price target is $164.15. The highest price target for NVDA is $200.00, while the lowest price target for NVDA is $85.00. The average price target represents a forecasted upside of 20.68% from the current price of $136.02.

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NVDA Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	1 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	39 Buy rating(s)	37 Buy rating(s)	37 Buy rating(s)	33 Buy rating(s)
Hold	3 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$164.15	$143.07	$135.24	$58.84
Forecasted Upside	20.68% Upside	1.08% Upside	7.66% Upside	21.97% 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	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	20.68% Upside	526.06% Upside	6.38% Upside
News Sentiment Rating	Positive News See Recent NVDA News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/22/2024	DA Davidson 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$90.00 ➝ $135.00	-4.90%
11/22/2024	Phillip Securities 0 of 5 stars	J. Woo Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Accumulate	$155.00 ➝ $160.00	+12.70%
11/21/2024	Wedbush 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$160.00 ➝ $175.00	+21.43%
11/21/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$165.00 ➝ $175.00	+21.44%
11/21/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$115.00 ➝ $140.00	-3.27%
11/21/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$170.00 ➝ $175.00	+20.91%
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11/21/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$190.00 ➝ $190.00	+30.22%
11/21/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$175.00 ➝ $175.00	+21.65%
11/21/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$175.00 ➝ $175.00	+19.95%
11/21/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$145.00 ➝ $160.00	+9.67%
11/21/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$155.00 ➝ $170.00	+16.53%
11/21/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$165.00 ➝ $185.00	+26.81%
11/21/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$150.00 ➝ $190.00	+30.24%
11/21/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$189.00 ➝ $190.00	+30.24%
11/21/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Buchalter Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$165.00 ➝ $175.00	+19.95%
11/21/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$150.00 ➝ $165.00	+13.10%
11/21/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$145.00 ➝ $160.00	+9.67%
11/21/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$170.00 ➝ $190.00	+30.24%
11/20/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$175.00 ➝ $175.00	+20.71%
11/19/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$148.00 ➝ $167.00	+19.16%
11/19/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$165.00 ➝ $180.00	+28.43%
11/18/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$200.00 ➝ $200.00	+42.77%
11/14/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Strong-Buy ➝ Strong-Buy	$140.00 ➝ $170.00	+16.22%
11/14/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$145.00 ➝ $200.00	+36.73%
11/14/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$160.00 ➝ $180.00	+23.06%
11/12/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Schulze-Melan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$178.00	+22.54%
11/11/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$150.00 ➝ $185.00	+26.97%
11/11/2024	Melius Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$165.00 ➝ $185.00	+27.23%
11/11/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$150.00 ➝ $160.00	+8.38%
11/11/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$140.00 ➝ $175.00	+18.54%
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
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	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%
8/6/2024	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%
7/9/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$130.00 ➝ $180.00	+40.41%
6/24/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$135.00 ➝ $150.00	+25.49%
6/18/2024	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%
5/24/2024	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$102.50	-1.25%
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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%
3/6/2024	CICC Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$87.00	+1.21%
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%
8/24/2023	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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 11:33 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 Friday, November 22, 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 has received multiple recent upgrades from analysts, with price targets raised significantly, indicating strong market confidence. For instance, DA Davidson increased its target from $90.00 to $135.00, while Mizuho set a target of $175.00, suggesting potential for price appreciation.
The current stock price of NVidia is $141.95, which is still below some analysts' target prices, indicating potential upside for investors looking to buy at a relatively lower price compared to future expectations.
Nvidia's market cap stands at an impressive $3.48 trillion, showcasing its strong position in the tech industry and its ability to attract investor interest.
The company has a solid financial foundation with a low debt-to-equity ratio of 0.15, indicating that it is not heavily reliant on debt for financing, which can be a safer investment choice.
With a consensus rating of "Moderate Buy" from analysts, NVidia is viewed positively in the market, suggesting that many believe it will perform well in the near future.

NVIDIA
Bear Case

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

Despite the positive outlook, NVidia's stock has recently traded down by 3.2%, reflecting potential volatility and uncertainty in the market.
The stock has a high price-to-earnings (P/E) ratio of 66.58, which may indicate that it is overvalued compared to its earnings, making it a riskier investment for those concerned about valuation.
Analysts have noted a potential downside of 4.90% from the current price based on DA Davidson's target, suggesting that there may be short-term risks for investors.
Insider selling activity has been observed, with significant shares sold by executives, which could signal a lack of confidence in the stock's short-term performance.
The stock's beta of 1.66 indicates higher volatility compared to the market, meaning that it could experience larger price swings, which may not be suitable for all investors.

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 $164.15, with a high forecast of $200.00 and a low forecast of $85.00.
: 43 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NVIDIA in the last year. There are currently 3 hold ratings, 39 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" NVDA shares.
: According to analysts, NVIDIA's stock has a predicted upside of 20.68% 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, Barclays, Benchmark, Cantor Fitzgerald, Citigroup, Craig Hallum, DA Davidson, Deutsche Bank Aktiengesellschaft, Evercore ISI, HSBC, JPMorgan Chase & Co., Loop Capital, Melius Research, Mizuho, Morgan Stanley, Needham & Company LLC, Oppenheimer, Phillip Securities, Piper Sandler, Raymond James, Redburn Atlantic, Robert W. Baird, Rosenblatt Securities, Sanford C. Bernstein, Stifel Nicolaus, Susquehanna, 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 2.68. Learn more on how NVDA compares to other companies.

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This page (NASDAQ:NVDA) was last updated on 11/26/2024 by MarketBeat.com Staff

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NVIDIA (NVDA) Stock Forecast & Price Target