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NVIDIA (NVDA) Stock Forecast & Price Target

$953.86
+6.06 (+0.64%)
(As of 05/21/2024 ET)

NVIDIA - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 42 Analyst Ratings

Consensus Price Target

$1,002.18
5.07% Upside
High Forecast$1,400.00
Average Forecast$1,002.18
Low Forecast$475.00
TypeCurrent Forecast
5/23/23 to 5/22/24
1 Month Ago
4/23/23 to 4/22/24
3 Months Ago
2/22/23 to 2/22/24
1 Year Ago
5/23/22 to 5/23/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
38 Buy rating(s)
38 Buy rating(s)
36 Buy rating(s)
27 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
9 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$1,002.18$940.30$806.37$276.82
Forecasted Upside5.07% Upside21.46% Upside26.40% Upside16.28% Upside
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NVDA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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NVDA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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NVIDIA Stock vs. The Competition

TypeNVIDIAComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.95
2.59
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside5.07% Upside183.66% Upside8.22% Upside
News Sentiment RatingPositive News
Neutral News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/20/2024Rosenblatt Securities
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 Reiterated RatingBuy ➝ Buy$1,400.00 ➝ $1,400.00+51.39%
5/20/2024Barclays
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 Boost TargetOverweight ➝ Overweight$850.00 ➝ $1,100.00+18.95%
5/20/2024Susquehanna
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 Boost TargetPositive ➝ Positive$1,050.00 ➝ $1,100.00+18.95%
5/20/2024Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$1,050.00 ➝ $1,200.00+29.76%
5/20/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$910.00 ➝ $1,085.00+17.32%
5/17/2024Oppenheimer
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 Reiterated RatingOutperform ➝ Outperform$1,100.00 ➝ $1,100.00+16.58%
5/16/2024Wedbush
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 Reiterated RatingOutperform ➝ Outperform$1,000.00+5.67%
5/14/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$970.00 ➝ $1,150.00+28.45%
5/13/2024Jefferies Financial Group
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 Initiated CoverageBuy ➝ Buy$780.00 ➝ $1,200.00+33.51%
5/10/2024HSBC
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 Boost TargetBuy ➝ Buy$1,050.00 ➝ $1,350.00+49.75%
5/7/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$1,000.00 ➝ $1,100.00+19.38%
4/30/2024UBS Group
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 Boost TargetBuy ➝ Buy$1,100.00 ➝ $1,150.00+31.20%
4/16/2024Evercore ISI
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 Initiated CoverageOutperform$1,160.00+34.88%
4/11/2024Raymond James
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 Boost TargetStrong-Buy ➝ Strong-Buy$850.00 ➝ $1,100.00+26.38%
4/10/2024Morgan Stanley
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 Boost TargetOverweight$795.00 ➝ $1,000.00+15.63%
4/8/2024KeyCorp
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 Boost TargetOverweight ➝ Overweight$1,100.00 ➝ $1,200.00+35.44%
3/21/2024TD Cowen
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 Boost TargetOutperform ➝ Outperform$900.00 ➝ $1,100.00+21.72%
3/20/2024Argus
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 Boost TargetBuy ➝ Buy$850.00 ➝ $950.00+7.39%
3/20/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetHold ➝ Hold$720.00 ➝ $850.00-4.33%
3/20/2024Benchmark
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 Reiterated RatingBuy ➝ Buy$1,000.00+11.86%
3/20/2024Piper Sandler
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 Boost TargetOverweight ➝ Overweight$850.00 ➝ $1,050.00+17.45%
3/20/2024Citigroup
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 Boost TargetBuy ➝ Buy$820.00 ➝ $1,030.00+15.22%
3/18/2024Truist Financial
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 Boost TargetBuy ➝ Buy$911.00 ➝ $1,177.00+32.27%
3/13/2024Bank of America
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 Boost TargetBuy ➝ Buy$925.00 ➝ $1,100.00+24.13%
3/7/2024Mizuho
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 Boost TargetBuy ➝ Buy$850.00 ➝ $1,000.00+10.31%
3/6/2024CICC Research
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 Initiated CoverageOutperform$870.00+1.21%
3/4/2024Cantor Fitzgerald
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C. Muse
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Reiterated RatingOverweight ➝ Overweight$900.00+3.10%
2/29/2024Tigress Financial
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 Boost TargetBuy ➝ Buy$790.00 ➝ $985.00+26.83%
2/22/2024Craig Hallum
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 Boost TargetBuy ➝ Buy$700.00 ➝ $850.00+9.59%
2/22/2024DA Davidson
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G. Luria
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Boost TargetNeutral ➝ Neutral$410.00 ➝ $620.00-8.11%
2/22/2024Needham & Company LLC
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 Boost TargetBuy ➝ Buy$600.00 ➝ $850.00+25.98%
2/22/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$650.00 ➝ $850.00+25.98%
2/22/2024Wolfe Research
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 Boost TargetOutperform ➝ Outperform$630.00 ➝ $900.00+33.39%
2/22/2024Sanford C. Bernstein
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 Boost TargetOutperform ➝ Outperform$700.00 ➝ $1,000.00+48.21%
2/16/2024Loop Capital
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 Initiated CoverageBuy$1,200.00+65.16%
2/16/2024Piper Sandler Companies
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 Boost TargetOverweight$850.00+16.99%
11/22/2023Edward Jones
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 DowngradeBuy ➝ Hold
11/22/2023BMO Capital Markets
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 Boost TargetOutperform ➝ Outperform$600.00 ➝ $650.00+30.15%
8/28/2023Phillip Securities
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 UpgradeAccumulate ➝ Buy
8/24/2023Westpark Capital
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 UpgradeHold ➝ Buy$690.00+46.45%
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8/24/2023BNP Paribas
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 UpgradeNeutral ➝ Outperform$745.00+58.12%
6/29/2023Daiwa Capital Markets
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 UpgradeNeutral ➝ Outperform$408.00 ➝ $475.00+16.36%
3/22/2023Credit Suisse Group
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Chris Caso
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Set Target$275.00+4.97%
2/23/2023Cowen
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 Boost Target$240.00 ➝ $260.00+25.28%
2/16/2023DZ Bank
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 DowngradeBuy ➝ Sell$195.00-14.34%
12/12/2022Cowen
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 Boost Target$200.00 ➝ $220.00+30.07%
11/17/2022Susquehanna Bancshares
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 Boost TargetPositive$180.00 ➝ $185.00+16.28%
11/16/2022Summit Insights
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 UpgradeHold ➝ Buy
8/25/2022Fubon Bank
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 DowngradeBuy ➝ Neutral
5/26/2022Atlantic Securities
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 Lower Target$205.00+14.88%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 08:06 AM ET.

NVDA Frequently Asked Questions

What is NVIDIA's stock forecast and purchase recommendation?

According to the research reports of 42 Wall Street equities research analysts, the average twelve-month stock price forecast for NVIDIA is $1,002.18, with a high forecast of $1,400.00 and a low forecast of $475.00. The consensus rating for NVIDIA stock is Moderate Buy based on the current 3 hold ratings, 38 buy ratings and 1 strong buy rating for NVDA. Learn more on NVDA's analyst rating history.

Do Wall Street analysts like NVIDIA more than its competitors?

Analysts like NVIDIA more than other "computer and technology" companies. The consensus rating score for NVIDIA is 2.95 while the average consensus rating score for "computer and technology" companies is 2.59. Learn more on how NVDA compares to other companies.

Does NVIDIA's stock price have much upside?

According to analysts, NVIDIA's stock has a predicted upside of 23.38% based on their 12-month stock forecasts.


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This page (NASDAQ:NVDA) was last updated on 5/22/2024 by MarketBeat.com Staff

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