Holdings are subject to change and are not buy/sell recommendations.

This bear market should have more time to run then – another 20% approximately if it is to meet the historical average. The key question iswhether or not the NVIDIA stock forecast US economy will go into recession in 2023. Bear markets without accompanying recessions are notably less severe with average peak-to-trough declines of 25%.

NVDA stock

The Nasdaq-100 Index comprises the 100 largest non-financial companies traded on the Nasdaq. Holdings are subject to change and are not buy/sell recommendations. Assets Under Management refers to the total market value of the assets that the ETF manages at a given point in time.

Detailed List of Analyst Forecasts​

The ex-dividend date of this dividend is Wednesday, November 30th. NVIDIA’s Compute & Networking segment provides a wide range of solutions for interconnect, AI/autonomous driving, cryptocurrency mining, robotics, dotbig Data Center platforms and accelerated computing. Products include Mellanox for networking and interconnect, Jetson for robotics and embedded applications, and AI Enterprise software among others.

NVDA stock

Instead, the downgrade was more a result of valuation concerns following the stock’s race up the charts. He remains “very bullish” on the semiconductor stock in both the near and long term. Investors and others should note that we announce material financial information to our investors using our investor relations website, press releases, SEC filings and public conference calls and webcasts. Accordingly, investors should monitor these accounts and the blog, in addition to following our press releases, SEC filings and public conference calls and webcasts. We specialize in products and platforms for the large, growing markets of gaming, professional visualization, data center, and automotive. Nvidia stock’s strong performance last month is largely attributable to market dynamics. Investors bid up stocks in general and growth stocks in particular, following U.S. inflation data for October coming in better than widely expected.


The total number of different underlying holdings within the ETF. In the case of QQQ, the companies listed in the Nasdaq-100.

  • This leads us to a DCF price of $242, some $60 above the current NVDA stock price.
  • Fundamental company data provided by Morningstar, updated daily.
  • The key question iswhether or not the US economy will go into recession in 2023.
  • As I wrote in my earnings article, “Given the challenging macroeconomic environment, most investors were probably satisfied with the report.”
  • Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams.
  • Nvidia has 17.73% upside potential, based on the analysts’ average price target.

Open a free, no-risk demo account to stay on top of market movement and important events. Although meme stocks carry a not-so-great reputation, these ideas combine grassroots enthusiasm with relevant fundamentals. Sign in to your free account to enjoy all that MarketBeat has to offer. NVIDIA’s Rally Picks Up Pace Into Year EndShares of the chipmaker have jumped more than 50% in recent week, and this rally looks like it has a ton of room to go. MarketBeat has tracked 8 reddit mentions for NVIDIA this week, compared to 57 mentions on an average week.

AMD, for example, at a P/E of 38 is still comfortably behind. However, Nvidia boasts the highest margins in the semiconductor space, and revenue is growing exponentially at near 80% annually. The high relative multiple though is one of the key risks going forward, but with revenue growth and margins high NVIDIA should see its P/E reduce without impacting heavily on the share price performance. Indeed, with forward EPS guidance, the P/E for the next twelve months is trading at a more acceptable 31. Nvidia stock is one of the best tech stocks for long-term investors, in my view.

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It though will likely take some time for Nvidia to rerate to the sector average of 25 but it may settle at 30, giving us a fair price of $172. Combining this with our revenue forecasts gives us our average price target of $207. This obviously represents a premium to the current NVDA stock forecast price and necessitates a BUY rating as a result. Nvidia was a pandemic darling stock favored by both retail and institutional a like. The price/earnings ratio at 50 is ringing alarm bells, especially compared to Intel’s P/E at 7. Even against other more direct peers, NVIDIA does look richly priced.

Since analysts build valuation models, this is most useful for medium to long-term investors who are interested in a valuation-based NVDA stock forecast approach. Today, NVIDIA Corporation is the only remaining independently operating graphics-focused microchip company in operation.

Recent News

In the past three months, NVIDIA insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $20,371,025.00 in company stock. MarketBeat has tracked 13 news articles for NVIDIA this week, compared to 19 articles on an average week. NVIDIA has a dividend yield of Forex news 0.09%, which is in the bottom 25% of all stocks that pay dividends. Short interest in NVIDIA has recently increased by 13.45%, indicating that investor sentiment is decreasing significantly. NVIDIA has a short interest ratio (“days to cover”) of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

(Delayed Data from NSDQ)

The company’s average rating score is 2.76, and is based on 23 buy ratings, 9 hold ratings, and no sell ratings. Soared 25.4% in November, according Forex to data from S&P Global Market Intelligence. For context, the S&P 500 and Nasdaq Composite returned 5.6% and 4.5%, respectively, last month.

Our creations are loved by the most demanding computer users in the world – gamers, designers, and scientists. And our work is at the center of the most consequential mega-trends in technology. There may be delays, omissions, or inaccuracies in the Information. The Zacks Industry Rank assigns a rating to each of the 265 X Industries based on their average Zacks Rank. The scores are based on the trading styles of Value, Growth, and Momentum.

GBP/USD is dropping toward 1.2250, as the US Dollar finds fresh demand amid a negative shift in the market’s perception of risk sentiment. Investors look past China’s reopening optimism, as global growth concerns return to the fore. Supply chain issues accelerate meaning increased price pressure and demand at any price from auto and tech companies. The global macroeconomic backdrop continues to look challenging. Supply chain issues remain unresolved, inflation remains elevated, and central banks have begun aggressive monetary tightening. The European Central Bankthis week announced rate hikes for the remainder of the year. The Fed is already well down that path with another 50 basis point hike imminent, and the Bank of England has been alarmist about the threat of recession.

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