Nvidia (NASDAQ: NVDA) has recorded exceptional stock market performance in 2024, seeing its share price increase by a staggering 187.07% and its market capitalization skyrocket by more than $2 trillion.
Still, the upsurge has not been entirely even and came in a series of relatively rapid rallies, divided by protracted consolidation – and even correction – phases.
At the tail end of 2024, NVDA stock finds itself in such a situation as, for all the impressive gain this year, Nvidia shares are 0.10% down in the last 30 days and 1.53% in the last week of trading.
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Wall Street experts set Nvidia stock 2025 price target
Though the state of the semiconductor giant – and, indeed, the state of the wider stock and cryptocurrency market – on the final day of 2024 may be concerning for investors, Wall Street analysts remain overwhelmingly bullish about the new year.
Nvidia boasts a ‘strong buy’ rating with 37 ‘buy’ and only 3 ‘neutral’ ratings on the stock analysis platform TipRanks, per the information retrieved by Finbold on December 31.
The average price target of $177.08 – 28.79% above the press time price – is equally optimistic, particularly as it indicates the consensus is that Nvidia’s valuation will rise above $4 trillion in the coming 12 months.
Indeed, NVDA shares’ prices need to stand just above $163 for the market capitalization milestone to be reached.
The highest price target – assigned by Rosenblatt Securities on November 21 – is even more bullish as it forecasts a rally to $220.
Even the worst-case price target of $135 – provided by DA Davidson, one of the few ‘neutral’ firms, on November 22 – would constitute only a modest downside.
As an honorable mention, the Danish Saxo Bank offered perhaps the most staggering Nvidia forecast to date when it included the estimate the chipmaker’s valuation could rise to $7 trillion – and the stock price to above $250 – in 2025, among its ‘outrageous predictions.’
Wall Street analysts revise Nvidia stock price target
Finally, the December rating revisions are notable as they universally recommend taking a long position in Nvidia.
On December 4, Daiwa Securities increased its NVDA stock price target from $125 to $160, and just under two weeks later, Truist raised the forecast from $169 to $204.
On December 19, Cantor Fitzgerald gave up on its previous estimate of $175 and opted for $200, and one day later, Morgan Stanley (NYSE: MS) gave a $2 bump, bringing the price target from $166 to $168.
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