The average analyst price target is $685.43, which implies 14.3% upside potential to current levels. Nvidia’s shares have gained 72% over the past year, while the stock still scores a Strong Buy consensus rating based on 24 Buys and 2 Holds. While the stock went on an impressive rally climbing 55 from the May. We see several structural tailwinds driving sustained outsized top-line growth: gaming, data center/ AI accelerators, and autonomous vehicles.” Nvidia ( NVDA) shares have not had a pretty run lately and the company’s stock split doesn’t seem to be helping. Through its Mellanox acquisition, NVDA expanded its DC footprint from AI-accelerators to providing highspeed networking interconnects. Today, its parallel processing capabilities, supported by thousands of computing cores are essential for deep learning AI algorithms in data centers. The GPU was initially used to create graphics for video games and film. In late May, graphics chip-maker NVIDIA (NASDAQ: NVDA) surprised shareholders with an announcement that it would execute a four-for-one stock split.
Schafer said, “Nvidia has transformed from a graphics company to becoming a premier leading AI computing platform company. In its most recent Q4 earnings report, the company reported full-year 2021 revenue and earnings of $16.68 billion and $10 per share, up 53% and 73% year-over-year respectively.Īnticipating a robust performance in the upcoming Q1 report, Oppenheimer analyst Rick Schafer maintained a Buy rating on the stock with a price target of $700, which implies 16.7% upside potential to current levels.
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