Skip to content

Wall Street sets Nvidia (NVDA) stock price for the next 12 months

Wall Street sets Nvidia (NVDA) stock price for the next 12 months
Ana Zirojevic

Witnessing a massive growth in the price since the beginning of the year, the computer hardware giant Nvidia Corporation (NASDAQ: NVDA) is one of the stocks envisioned to become the next Apple (NASDAQ: AAPL) in its massive growth in 2023, as financial experts largely agree.

As it happens, over the past three months, 46 Wall Street analysts have provided their ratings on Nvidia’s stock, with 31 advocating a ‘strong buy,’ 3 recommending a ‘buy,’ 12 suggesting to ‘hold,’ whereas there were no supporters for either ‘sell’ or ‘strong sell,’ as per data retrieved by Finbold on May 2.

Meanwhile, based on estimates of 40 Wall Street experts on finance and cryptocurrency monitoring platform TradingView, the one-year price target for the NVDA stock is $289.10, with a high estimate of $355 and a low estimate of $175 for the following 12 months.

NVDA 12-month price target. Source: TradingView

Such ratings indicate a positive sentiment towards Nvidia’s stock among analysts, likely fuelled by the company’s positioning itself as a supplier of chips for use cases in the artificial intelligence (AI) sector, the recovery of its gaming division, as well as the widespread use of its graphic processing units (GPUs) in crypto mining.

NVDA stock price analysis

During the last 30 days, NVDA has been experiencing a quite wide trading range – between $262.20 and $290.58 – and is currently changing hands near the upper end of this range.

A combination of multiple trend lines and critical moving averages (MA) across various time frames have created a support zone in the range between $262.40 and $273.94. On May 1, NVDA broke out of the resistance at $280, looking at the $295 – $300 area next, followed by the $310 – $312 zone.

NVDA 1-year price chart. Source: Finviz

Latest NVDA market sentiment

Interestingly, on May 1, pseudonymous trader Wasteland Capital shared that NVDA had received an influx of around $31 billion to its market capitalization in a single day, suggesting that this represented more ‘value created’ in a single day than its entire profit from the last six years combined.

At the same time, a Twitter user with a major following, Heisenberg, a.k.a Mr_Derivatives, has expressed shock at the rate Nvidia stock was going, highlighting it would only need to retain a 4.5% a day growth for the following four days before it could reclaim the all-time high (ATH) by Friday, May 5.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.