Without a doubt, the blue-chip chipmaker and semiconductor giant Nvidia (NASDAQ: NVDA) has been one of the most exciting stocks throughout the last year and a half.
The already dominant company has, within the time frame, managed to grow significantly thanks to its crucial positon in the ongoing artificial intelligence (AI) boom and has managed to reach an all-time high (ATH) after an all-time high during its relentless rise.
All-in-all, NVDA shares have surged 178.14% and its rise in 2024 has not been weaker as it is 132.04% in the green in the year-to-date (YTD) chart. Ultimately, by press time, the rocketing has put Nvidia price today at $1,112.44.
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Nonetheless, a major rise frequently precedes a staggering fall and despite Nvidia consistently publishing strong numbers – and indeed, despite many investors and traders being confident about the semiconductor company – some uncertainty persists about whether NVDA can maintain the trend.
In its search for answers about where the chipmaker may find itself in 12 months ’ time, Finbold elected to consult both expert price targets and the most advanced version of OpenAI’s flagship AI platform – ChatGPT-4o.
Analysts vs. ChatGPT: Nvidia 12-month price target
Perhaps unsurprisingly, Wall Street analysts are generally highly bullish when it comes to their predictions about Nvidia.
The company boasts an overall ‘strong buy’ rating, with 48 experts ranking it as such. A further 8 regard it as a ‘buy’, and an additional 6 are neutral, per the data retrieved from TradingView on May 29.
At the time of publication, NVDA has no ‘sell’ or ‘strong sell’ ratings.
Surprisingly, however, the average price target for Nvidia does not stand substantially above its press time value. Indeed, experts cumulatively estimate that NVDA stock is bound for a 4.58% climb in the coming 12 months to a price of $1,171.41.
ChatGPT, on the other hand, forecasts a far more robust growth of 30% for the semiconductor giant and a 52-week climb to $1,465.87.
In its explanation for the price target, the AI pointed toward Nvidia’s historical performance and the current market sentiment toward the firm and the industry more broadly.
It is also worth pointing out that ChatGPT’s price target represents a revision of its initial estimate, given that the AI first erroneously retrieved $400 as NVDA price in late May 2024.
Analysts vs. ChatGPT: Possible highs and lows for Nvidia
While experts’ average price target for Nvidia is relatively tame, the outer bounds of the predictions offer a fairly large range. At the time of publication, the highest forest – made by Cantor Fitzgerald – would see Nvidia shares rocket 24.42% to $1,400.
The lowest estimate is even more shocking as it would see NVDA experience a 42.41% stock market drop to $655.
Once again, however, ChatGPT has proved more bullish than the analysts. When asked to provide the outer bounds of price targets it would deem plausible, the AI stated that Nvidia is not likely to go higher than $1,578.63 in the coming 12 months and no lower than $1,240.35 in the same time frame.
The final caveat of the press time price targets is that they are unlike to be entirely valid within one month’s time. Indeed, Nvidia has announced a 10-to-1 stock split in the coming weeks and no estimates have taken it into account by May 29.
The most elegant and the most crude way to approach the current Wall Street and AI assigned price target would be to divide them by 10, though the end result is likely not to be precise given that it is difficult to quantify the exact impact the split will have on market dynamics.
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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
