For well over a year and a half, Nvidia (NASDAQ: NVDA) has been one of the best-performing stocks in the market.
The semiconductor giant has seen its market capitalization rise by some $2.7 trillion since the artificial intelligence (AI) boom began in earnest in late 2022 with the launch of ChatGPT.
The growth ensured NVDA’s price in the stock market handily and repeatedly beat analyst forecasts by reaching ever-higher highs. After the shares rose above $1,200, the company implemented a 10-for-1 stock split in early June.
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Nvidia’s performance, however, has been comparatively sluggish since, and the blue-chip chipmaker’s shares are only a relatively modest 4.09% in the green in the last 30 days. NVDA stock price today stands at $125.38.
Experts forecast NVDA stock 12-month price target
Though Nvidia has risen so much that some consider it one the biggest contributors to the suspected AI bubble – and believe it is poised for a 98% crash – the consensus among Wall Street analysts remains decidedly bullish.
NVDA stock is, overall, considered a ‘strong buy’ with 37 out of the 41 experts represented on the stock analysis platform TipRanks rating it as such. The remaining 4 are neutral and none of the analysts recommends selling.
The average price target for the upcoming 12 months is, however, fairly modest when compared with Nvidia’s performance in the last 52 weeks. Indeed, the semiconductor giant’s shares are expected to rise another 8.47% to $136.49.
Rosenblatt Securities, however, forecasts a substantially larger 58.94% upside and a 12-month riser to $200 in the coming year. Experts at D.A. Davidson, on the other hand, believe NVDA stock is set for a significant drop to $90 within the same time frame.
July rating revisions have been cautious, however, with Morgan Stanley (NYSE: MS) predicting only a slightly above-average upside to $144 and Bernstein settling for an even more cautious $130. Finally, New Street Researched changed its position on July 7 from ‘buy’ down to ‘neutral.
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