Nvidia Corp, (NVDA)
Analyst Update
Following the release of the company’s quarterly earnings, analysts updated their coverage on Nvidia’s stock, renewing confidence in the company’s growth prospects and valuation potential:
1) Mizuho Securities responded by updating its target price to USD 170 while maintaining a Buy rating.
2) Summit Redstone Partners reaffirmed a “Buy” rating and raising its price target to USD 164.
3) TD Cowen was the most bullish among the group, maintaining its “Buy” rating and setting a price target of USD 175.
4) Morningstar maintained a more neutral stance, reiterating its “Hold” rating and a target price of USD 140.
Stock Forecast & Analysis
According to forecasts from 32 analysts, the average 12-month target price for NVIDIA is USD 169.30, implying a solid upside from its most recent closing price of USD 135.50. The average analyst rating remains firmly in “Strong Buy” territory, highlighting widespread confidence in the company’s leadership position in the AI and semiconductor sectors.
NVIDIA’s stock has delivered steady gains, rising +0.83% over the past week, +22.06% over the past month, and a notable +18.01% over the last year. These trends underscore continued investor enthusiasm, driven by growing demand for its GPUs in data centers, AI applications, and gaming, as well as optimistic forward guidance.
Overall, the analyst forecast and price data reflect a company with strong growth prospects, though investors should remain mindful of its rich valuation and potential market risks.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
