NVIDIA Corporation (NVDA)
NASDAQ: NVDA · IEX Real-Time Price · USD
129.24
+1.84 (1.44%)
At close: Jul 12, 2024, 4:00 PM
129.90
+0.66 (0.51%)
After-hours: Jul 12, 2024, 7:59 PM EDT

NVIDIA Stock Forecast

Stock Price Forecast

The 39 analysts with 12-month price forecasts for NVIDIA stock have an average target of 128.59, with a low estimate of 62 and a high estimate of 200. The average target predicts a decrease of -0.50% from the current stock price of 129.24.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $62 $128.59 $130 $200
Change -52.03% -0.50% +0.59% +54.75%

Analyst Ratings

The average analyst rating for NVIDIA stock from 41 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating Feb '24Mar '24Apr '24May '24Jun '24Jul '24
Strong Buy 202018202020
Buy 192021191817
Hold 333334
Sell 000000
Strong Sell 000000
Total 424342424141

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Benchmark
Benchmark
Strong Buy
Maintains
$135$170
Strong Buy Maintains $135$170 +31.54% Jul 12, 2024
Keybanc
Keybanc
Buy
Maintains
$130$180
Buy Maintains $130$180 +39.28% Jul 9, 2024
UBS
UBS
Strong Buy
Maintains
$120$150
Strong Buy Maintains $120$150 +16.06% Jul 8, 2024
New Street Research
New Street Research
Hold
Downgrades
n/a
Hold Downgrades n/a n/a Jul 5, 2024
Morgan Stanley
Morgan Stanley
Buy
Maintains
$116$144
Buy Maintains $116$144 +11.42% Jul 1, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
122.88B
from 60.92B
Increased by 101.70%
Revenue Next Year
163.04B
from 122.88B
Increased by 32.68%
EPS This Year
2.76
from 1.19
Increased by 131.52%
EPS Next Year
3.68
from 2.76
Increased by 33.12%
Year 2019202020212022202320242025202620272028
Revenue
10.92B16.68B26.91B26.97B60.92B122.88B163.04B185.79B225.26B250.83B
Revenue Growth
-6.81%52.73%61.40%0.22%125.85%101.70%32.68%13.96%21.25%11.35%
EPS
0.110.170.390.171.192.763.684.215.325.83
EPS Growth
-31.93%53.10%122.54%-54.81%585.63%131.52%33.12%14.60%26.26%9.67%
Forward PE
-----46.7935.1530.6724.2922.15
No. Analysts -----56542575
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 139.4B 216.1B 252.7B 266.2B 310.7B
Avg 122.9B 163.0B 185.8B 225.3B 250.8B
Low 110.2B 132.4B 117.6B 171.7B 202.7B

Revenue Growth

Revenue Growth 20242025202620272028
High
128.8%
75.8%
55.0%
43.3%
37.9%
Avg
101.7%
32.7%
14.0%
21.2%
11.3%
Low
80.8%
7.8%
-27.9%
-7.6%
-10.0%

EPS Forecast

EPS 20242025202620272028
High 3.19 4.99 5.88 6.58 7.68
Avg 2.76 3.68 4.21 5.32 5.83
Low 2.49 3.04 1.77 3.81 4.52

EPS Growth

EPS Growth 20242025202620272028
High
167.1%
80.7%
60.1%
56.2%
44.3%
Avg
131.5%
33.1%
14.6%
26.3%
9.7%
Low
108.3%
10.0%
-51.8%
-9.5%
-15.1%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.