Nvidia Stock Forecast: Analysts Predict High Growth

Positive Outlook

Wall Street analysts are bullish on Nvidia stock (NVDA), forecasting strong price targets and potential for significant growth in the coming months and years.

2024 Forecast: Upside of 258%

Analysts' average price target for NVDA in 2024 is $148,396, with a high estimate of $249,473 and a low of TBD. This represents an upside of approximately 258% compared to the current market price.

Valuation Potential: $10 Trillion by 2030

A tech analyst predicts that Nvidia's "impenetrable moat" will drive the company to a valuation of $10 trillion by 2030. This suggests that the stock could continue to appreciate at a significant rate.

Continued Dominance in Chip Market

Analysts believe that Nvidia will maintain its leadership in the chip market, benefiting from its advancements in artificial intelligence, cloud computing, and automotive technology.

Potential Upside of 81%

Evercore ISI analysts argue that investors may not fully appreciate Nvidia's potential beyond its core business as a chipmaker. They estimate an upside of 81% if this broader value is realized.