Nvidia (NVDA) analysts predict potential 27.9% upside, with strong performance history

From Nasdaq: 2024-11-29 09:55:08

Shares of Nvidia (NVDA) have gained 1.9% over the past four weeks, closing at $135.34. Wall Street analysts have a mean price target of $173.06, indicating a potential upside of 27.9%. The range of price targets is from $123 to $220, with a standard deviation of $17.86.

Analysts are optimistic about Nvidia’s earnings prospects, with 14 estimates revised higher and only one lower in the last 30 days. The Zacks Consensus Estimate has increased by 4.2%. Nvidia currently holds a Zacks Rank #2 (Buy) and has a track record of strong performance, suggesting further upside potential.

The consensus price target for Nvidia may not be a definitive indicator of the stock’s potential gains, but the direction it implies does offer valuable guidance. Investors should not rely solely on price targets for investment decisions, as they may not accurately predict a stock’s future performance.



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