Key Takeaways:
- HSBC has revised its rating on Nvidia from "Buy" to "Hold" due to anticipated challenges with AI ventures.
- Wall Street analysts maintain optimism, with an average target price suggesting a significant upside.
- GuruFocus' GF Value indicates a potential substantial increase from current levels.
Nvidia Corp (NVDA, Financial) has faced a recent downgrade by HSBC, which shifted its rating from "Buy" to "Hold." This decision stems from anticipated hurdles related to Nvidia's foray into new AI sectors. Following this assessment, Nvidia's shares experienced a 5.8% drop. HSBC recalibrated its price target from $175 to $120, influenced by adjusted earnings outlooks and a modified price-to-earnings ratio.
Wall Street Analysts Outlook
The analysis of one-year price targets from 52 analysts reveals that Nvidia Corp (NVDA, Financial) has an average target price of $172.83. The high estimate stands at $235.92, while the low is at $125.00. This average target suggests a potential upside of 65.93% from Nvidia's current trading price of $104.16. For more comprehensive details, investors can visit the NVIDIA Corp (NVDA) Forecast page.
Brokerage Recommendations
A consensus among 64 brokerage firms places Nvidia Corp's (NVDA, Financial) average brokerage recommendation at 1.7, which indicates an "Outperform" status. On the brokerage rating scale, 1 represents a Strong Buy, and 5 signifies a Sell position.
GuruFocus GF Value Insight
According to estimations by GuruFocus, Nvidia Corp (NVDA, Financial) has a projected GF Value of $266.20 for the next year. This indicates a potential upside of 155.57% from its current price of $104.16. The GF Value is GuruFocus' calculation of the stock's fair trading value, founded on historical trading multiples, past business growth, and future business performance estimates. More in-depth insights can be accessed on the NVIDIA Corp (NVDA) Summary page.
