Nvidia (NVDA, Financial) shares witnessed a significant decline of nearly 5% on Monday. This downturn in the semiconductor giant's stock mirrored broader market trends, primarily driven by apprehensions surrounding the Federal Reserve's leadership and autonomy. Such market movements underscore the sensitivity of tech stocks to shifts in economic policies.
Key Takeaways
- Nvidia shares dropped nearly 5% amid broader market downturns.
- Average analyst target price suggests considerable upside potential.
- Current brokerage recommendations rate NVDA as "Outperform".
Wall Street Analysts Forecast
According to 50 analysts' one-year projections, the average target price for NVIDIA Corp (NVDA, Financial) stands at $166.73. The forecasts range from a high of $235.92 to a low of $115.00. This average target price suggests a potential upside of 73.77% from the present trading price of $95.95. Investors looking for more comprehensive estimate data can explore the NVIDIA Corp (NVDA) Forecast page.
Notably, consensus from 63 brokerage firms rates NVIDIA Corp's (NVDA, Financial) stock at an average of 1.8 on a recommendation scale, which equates to an "Outperform" status. This rating spectrum ranges from 1, indicating a Strong Buy, to 5, representing a Sell recommendation.
GuruFocus Value Estimate
In terms of valuation, GuruFocus estimates the GF Value for NVIDIA Corp (NVDA, Financial) to be $262.49 over the next year. This estimation suggests a remarkable upside of 173.58% from the current price of $95.95. The GF Value is determined based on historical trading multiples, past business growth, and future business performance projections. For more details, visit the NVIDIA Corp (NVDA) Summary page.
