NVIDIA (NVDA) Stock Forecast, Price Target & Predictions
NVDA Stock Forecast
NVIDIA stock forecast is as follows: an average price target of $662.03 (represents a -25.44% downside from NVDA’s last price of $887.89) and a rating consensus of 'Buy', based on 42 wall street analysts offering a 1-year stock forecast.
NVDA Price Target
The average price target for NVIDIA (NVDA) is $662.03 based on 1-year price targets from 42 Wall Street analysts in the past 3 months, with a price target range of $1.20K to $133.00. This represents a potential -25.44% downside from NVDA's last price of $887.89.
NVDA Analyst Ratings
According to 42 Wall Street analysts, NVIDIA's rating consensus is 'Buy'. The analyst rating breakdown for NVDA stock is 1 'Strong Buy' (2.38%), 37 'Buy' (88.10%), 3 'Hold' (7.14%), 1 'Sell' (2.38%), and 0 'Strong Sell' (0.00%).
NVIDIA Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Apr 30, 2024 | Timothy Arcuri | UBS | $1.15K | $877.57 | 31.04% | 29.52% |
| Apr 15, 2024 | Mark Lipacis | Evercore ISI | $1.16K | $860.01 | 34.88% | 30.65% |
| Apr 08, 2024 | John Vinh | KeyBanc | $1.20K | $871.47 | 37.70% | 35.15% |
| Mar 22, 2024 | Timothy Arcuri | UBS | $1.10K | $942.89 | 16.66% | 23.89% |
| Mar 20, 2024 | Vijay Rakesh | Mizuho Securities | $1.00K | $895.14 | 11.71% | 12.63% |
| Mar 20, 2024 | Rick Schafer | Oppenheimer | $1.10K | $903.72 | 21.72% | 23.89% |
| Mar 20, 2024 | Harsh Kumar | Piper Sandler | $1.05K | $903.72 | 16.19% | 18.26% |
| Mar 20, 2024 | Ross Seymore | Deutsche Bank | $850.00 | $903.72 | -5.94% | -4.27% |
| Mar 19, 2024 | Matt Bryson | Wedbush | $1.00K | $897.09 | 11.47% | 12.63% |
| Mar 19, 2024 | Toshiya Hari | Goldman Sachs | $1.00K | $893.80 | 11.88% | 12.63% |
The latest NVIDIA stock forecast, released on Apr 30, 2024 by Timothy Arcuri from UBS, set a price target of $1.15K, which represents a 31.04% increase from the stock price at the time of the forecast ($877.57), and a 29.52% increase from NVDA last price ($887.89).
NVIDIA Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 3 | 25 | 53 |
| Avg Price Target | $1.17K | $973.72 | $773.79 |
| Last Closing Price | $887.89 | $887.89 | $887.89 |
| Upside/Downside | 31.77% | 9.67% | -12.85% |
In the current month, the average price target of NVIDIA stock is $1.17K, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a 31.77% increase as opposed to NVIDIA's last price of $887.89. This month's average price target is up 20.16% compared to last quarter, and up 51.20% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Apr 30, 2024 | UBS | Buy | Buy | Hold |
| Apr 15, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Apr 15, 2024 | Citigroup | Buy | Buy | Hold |
| Apr 09, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Apr 08, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Apr 08, 2024 | Cantor Fitzgerald | Overweight | Overweight | Hold |
| Apr 04, 2024 | Lake Street | Buy | Buy | Hold |
| Apr 01, 2024 | Needham | Buy | Buy | Hold |
| Mar 19, 2024 | Wedbush | Outperform | Outperform | Hold |
| Mar 19, 2024 | Goldman Sachs | Buy | Buy | Hold |
NVIDIA's last stock rating was published by UBS on Apr 30, 2024. The company gave NVDA a "Buy" rating, the same as its previous rate.
NVIDIA Financial Forecast
NVIDIA Revenue Forecast
| Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $22.10B | $18.12B | - | $7.19B | $6.05B | $5.93B | $6.70B | - | $7.64B | $7.10B | - | - | $5.00B | $4.73B | $3.87B | $3.08B | $3.10B | $3.01B |
| Avg Forecast | $32.11B | $32.96B | $33.05B | $32.74B | $28.04B | $26.80B | $25.51B | $24.42B | $25.78B | $24.67B | $23.14B | $21.42B | $20.19B | $16.19B | $11.19B | $6.53B | $6.02B | $5.78B | $6.70B | $8.12B | $7.42B | $6.82B | $6.33B | $5.40B | $4.82B | $4.42B | $3.65B | $2.97B | $2.96B | $2.92B |
| High Forecast | $34.90B | $35.83B | $35.93B | $35.58B | $30.48B | $29.13B | $27.73B | $26.54B | $28.02B | $26.82B | $24.59B | $22.21B | $21.02B | $17.09B | $12.16B | $7.10B | $6.54B | $6.28B | $7.28B | $8.84B | $8.02B | $7.38B | $6.84B | $5.84B | $5.21B | $4.77B | $3.95B | $3.22B | $3.20B | $3.16B |
| Low Forecast | $30.74B | $31.55B | $31.64B | $31.34B | $26.84B | $25.65B | $24.42B | $23.37B | $24.68B | $23.61B | $22.48B | $21.27B | $19.98B | $16.07B | $10.71B | $6.25B | $5.76B | $5.53B | $6.41B | $7.78B | $7.12B | $6.54B | $6.07B | $5.18B | $4.62B | $4.23B | $3.50B | $2.85B | $2.84B | $2.80B |
| # Analysts | 20 | 11 | 11 | 11 | 11 | 10 | 10 | 10 | 10 | 15 | 23 | 23 | 21 | 21 | 20 | 14 | 10 | 9 | 15 | 9 | 9 | 18 | 12 | 10 | 7 | 7 | 7 | 7 | 7 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.09% | 1.12% | - | 1.10% | 1.01% | 1.03% | 1.00% | - | 1.03% | 1.04% | - | - | 1.04% | 1.07% | 1.06% | 1.04% | 1.05% | 1.03% |
NVIDIA's average Quarter revenue forecast for Apr 24 based on 23 analysts is $21.42B, with a low forecast of $21.27B, and a high forecast of $22.21B. NVDA's average Quarter revenue forecast represents a -3.09% decrease compared to the company's last Quarter revenue of $22.10B (Jan 24).
NVIDIA EBITDA Forecast
| Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 20 | 11 | 11 | 11 | 11 | 10 | 10 | 10 | 10 | 15 | 23 | 23 | 21 | 21 | 20 | 14 | 10 | 9 | 15 | 9 | 9 | 18 | 12 | 10 | 7 | 7 | 7 | 7 | 7 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $13.62B | $10.42B | - | $2.66B | $1.78B | $1.08B | $918.00M | - | $3.23B | $3.00B | - | - | $1.81B | $1.70B | $1.07B | $1.11B | $1.14B | $1.06B |
| Avg Forecast | $12.28B | $12.61B | $12.64B | $12.52B | $10.73B | $10.25B | $9.76B | $9.34B | $9.86B | $9.44B | $8.85B | $3.41B | $2.48B | $1.15B | $1.67B | $3.10B | $2.65B | $1.05B | $1.32B | $3.11B | $2.84B | $2.61B | $2.42B | $1.62B | $1.48B | $953.26M | $1.04B | $985.48M | $921.68M | $655.36M |
| High Forecast | $13.35B | $13.71B | $13.74B | $13.61B | $11.66B | $11.14B | $10.61B | $10.15B | $10.72B | $10.26B | $9.41B | $4.09B | $2.98B | $1.38B | $2.00B | $3.72B | $3.18B | $1.26B | $1.58B | $3.38B | $3.40B | $2.82B | $2.62B | $1.95B | $1.77B | $1.14B | $1.25B | $1.18B | $1.11B | $786.43M |
| Low Forecast | $11.76B | $12.07B | $12.10B | $11.99B | $10.27B | $9.81B | $9.34B | $8.94B | $9.44B | $9.03B | $8.60B | $2.73B | $1.98B | $922.75M | $1.33B | $2.48B | $2.12B | $838.87M | $1.05B | $2.98B | $2.27B | $2.50B | $2.32B | $1.30B | $1.18B | $762.61M | $832.44M | $788.38M | $737.35M | $524.29M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 5.49% | 9.03% | - | 0.86% | 0.67% | 1.03% | 0.70% | - | 1.14% | 1.15% | - | - | 1.23% | 1.78% | 1.03% | 1.13% | 1.23% | 1.62% |
23 analysts predict NVDA's average Quarter EBITDA for Apr 24 to be $3.41B, with a high of $4.09B and a low of $2.73B. This is -74.95% lower than NVIDIA's previous annual EBITDA (Jan 24) of $13.62B.
NVIDIA Net Income Forecast
| Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 20 | 11 | 11 | 11 | 11 | 10 | 10 | 10 | 10 | 15 | 23 | 23 | 21 | 21 | 20 | 14 | 10 | 9 | 15 | 9 | 9 | 18 | 12 | 10 | 7 | 7 | 7 | 7 | 7 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $12.29B | $9.24B | - | $2.04B | $1.41B | $680.00M | $656.00M | - | $3.00B | $2.46B | - | - | $1.46B | $1.34B | $622.00M | $917.00M | $951.00M | $899.00M |
| Avg Forecast | $15.58B | $16.45B | $17.10B | $17.36B | $15.49B | $14.79B | $14.06B | $13.47B | $14.16B | $13.81B | $13.01B | $3.17B | $2.04B | $672.39M | $1.37B | $2.88B | $2.18B | $611.26M | $1.08B | $3.23B | $2.33B | $2.76B | $2.53B | $1.31B | $1.16B | $555.70M | $857.31M | $825.72M | $778.75M | $508.80M |
| High Forecast | $17.34B | $18.31B | $19.03B | $19.32B | $17.24B | $16.46B | $15.65B | $14.99B | $15.77B | $15.37B | $13.73B | $3.80B | $2.45B | $806.87M | $1.65B | $3.45B | $2.62B | $733.52M | $1.30B | $3.60B | $2.80B | $3.05B | $2.80B | $1.57B | $1.39B | $666.83M | $1.03B | $990.86M | $934.50M | $610.56M |
| Low Forecast | $14.72B | $15.54B | $16.15B | $16.39B | $14.63B | $13.97B | $13.28B | $12.72B | $13.38B | $13.04B | $12.37B | $2.53B | $1.63B | $537.91M | $1.10B | $2.30B | $1.74B | $489.01M | $867.60M | $3.06B | $1.86B | $2.61B | $2.40B | $1.05B | $927.40M | $444.56M | $685.85M | $660.57M | $623.00M | $407.04M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 6.03% | 13.75% | - | 0.71% | 0.65% | 1.11% | 0.60% | - | 1.29% | 0.89% | - | - | 1.26% | 2.40% | 0.73% | 1.11% | 1.22% | 1.77% |
NVIDIA's average Quarter net income forecast for Apr 24 is $3.17B, with a range of $2.53B to $3.80B. NVDA's average Quarter net income forecast represents a -74.23% decrease compared to the company's last Quarter net income of $12.29B (Jan 24).
NVIDIA SG&A Forecast
| Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 20 | 11 | 11 | 11 | 11 | 10 | 10 | 10 | 10 | 15 | 23 | 23 | 21 | 21 | 20 | 14 | 10 | 9 | 15 | 9 | 9 | 18 | 12 | 10 | 7 | 7 | 7 | 7 | 7 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $711.00M | $689.00M | - | $633.00M | $625.00M | $631.00M | $592.00M | - | $563.00M | $557.00M | - | - | $503.00M | $515.00M | $627.00M | $293.00M | $287.00M | $277.00M |
| Avg Forecast | $2.77B | $2.84B | $2.85B | $2.82B | $2.42B | $2.31B | $2.20B | $2.10B | $2.22B | $2.13B | $1.99B | $593.55M | $460.62M | $677.80M | $438.35M | $539.59M | $492.64M | $616.18M | $346.52M | $700.16M | $526.89M | $587.89M | $545.19M | $451.09M | $446.87M | $560.16M | $273.93M | $249.19M | $239.95M | $245.18M |
| High Forecast | $3.01B | $3.09B | $3.10B | $3.07B | $2.63B | $2.51B | $2.39B | $2.29B | $2.42B | $2.31B | $2.12B | $712.26M | $552.75M | $813.36M | $526.02M | $647.51M | $591.17M | $739.41M | $415.82M | $761.86M | $632.27M | $635.70M | $589.53M | $541.31M | $536.24M | $672.19M | $328.71M | $299.03M | $287.94M | $294.22M |
| Low Forecast | $2.65B | $2.72B | $2.73B | $2.70B | $2.31B | $2.21B | $2.10B | $2.01B | $2.13B | $2.04B | $1.94B | $474.84M | $368.50M | $542.24M | $350.68M | $431.67M | $394.12M | $492.94M | $277.22M | $670.90M | $421.51M | $563.87M | $522.91M | $360.87M | $357.49M | $448.13M | $219.14M | $199.35M | $191.96M | $196.15M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.54% | 1.02% | - | 1.17% | 1.27% | 1.02% | 1.71% | - | 1.07% | 0.95% | - | - | 1.13% | 0.92% | 2.29% | 1.18% | 1.20% | 1.13% |
NVIDIA's average Quarter SG&A projection for Apr 24 is $593.55M, based on 23 Wall Street analysts, with a range of $474.84M to $712.26M. The forecast indicates a -16.52% fall compared to NVDA last annual SG&A of $711.00M (Jan 24).
NVIDIA EPS Forecast
| Jan 27 | Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 20 | 11 | 11 | 11 | 11 | 10 | 10 | 10 | 10 | 15 | 23 | 23 | 21 | 21 | 20 | 14 | 10 | 9 | 15 | 9 | 9 | 18 | 12 | 10 | 7 | 7 | 7 | 7 | 7 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $4.93 | $3.75 | - | $0.83 | $0.57 | $0.27 | $0.26 | - | $1.20 | $0.99 | - | - | $0.59 | $0.54 | $0.25 | $0.37 | $0.39 | $0.37 |
| Avg Forecast | $6.26 | $6.61 | $6.87 | $6.97 | $6.22 | $5.94 | $5.65 | $5.41 | $5.69 | $5.55 | $5.22 | $4.82 | $4.53 | $3.37 | $2.08 | $0.92 | $0.81 | $0.71 | $0.50 | $1.30 | $1.23 | $1.11 | $1.02 | $0.82 | $0.70 | $0.64 | $0.49 | $0.41 | $0.42 | $0.40 |
| High Forecast | $6.97 | $7.35 | $7.64 | $7.76 | $6.93 | $6.61 | $6.29 | $6.02 | $6.33 | $6.17 | $5.51 | $5.27 | $4.78 | $3.75 | $2.32 | $1.03 | $0.90 | $0.78 | $0.56 | $1.45 | $1.36 | $1.22 | $1.12 | $0.91 | $0.78 | $0.71 | $0.54 | $0.46 | $0.46 | $0.44 |
| Low Forecast | $5.91 | $6.24 | $6.49 | $6.58 | $5.88 | $5.61 | $5.33 | $5.11 | $5.37 | $5.24 | $4.97 | $4.67 | $4.32 | $3.06 | $1.97 | $0.87 | $0.77 | $0.67 | $0.47 | $1.23 | $1.16 | $1.05 | $0.96 | $0.78 | $0.67 | $0.61 | $0.47 | $0.39 | $0.39 | $0.37 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.09% | 1.11% | - | 0.90% | 0.70% | 0.38% | 0.52% | - | 0.98% | 0.89% | - | - | 0.84% | 0.84% | 0.51% | 0.90% | 0.94% | 0.93% |
According to 23 Wall Street analysts, NVIDIA's projected average Quarter EPS for Apr 24 is $4.82, with a low estimate of $4.67 and a high estimate of $5.27. This represents a -2.27% decrease compared to NVDA previous annual EPS of $4.93 (Jan 24).
NVIDIA Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| INTC | Intel | $30.90 | $41.12 | 33.07% | Hold |
| MRVL | Marvell | $68.51 | $80.00 | 16.77% | Buy |
| TSM | Taiwan Semiconductor Manufacturing | $141.56 | $157.67 | 11.38% | Buy |
| AMD | Advanced Micro Devices | $150.60 | $159.43 | 5.86% | Buy |
| MU | Micron | $114.70 | $107.48 | -6.29% | Buy |
| AVGO | Broadcom | $1.28K | $1.09K | -14.40% | Buy |
| NVDA | NVIDIA | $887.89 | $662.03 | -25.44% | Buy |
NVDA Forecast FAQ
Is NVIDIA a good buy?
Yes, according to 42 Wall Street analysts, NVIDIA (NVDA) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 37 'Buy' recommendations, accounting for 90.48% of NVDA's total ratings.
What is NVDA's price target?
NVIDIA (NVDA) average price target is $662.03 with a range of $133 to $1.2K, implying a -25.44% from its last price of $887.89. The data is based on 42 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will NVIDIA stock go up soon?
According to Wall Street analysts' prediction for NVDA stock, the company can go down by -25.44% (from the last price of $887.89 to the average price target of $662.03), up by 35.15% based on the highest stock price target, and down by -85.02% based on the lowest stock price target.
Can NVIDIA stock reach $1.3K?
NVDA's average twelve months analyst stock price target of $662.03 does not support the claim that NVIDIA can reach $1.3K in the near future.
What is NVIDIA's current price target trend?
3 Wall Street analysts forecast a $1.17K price target for NVIDIA (NVDA) this month, up 31.77% from its last price of $887.89. Compared to the last 3 and 12 months, the average price target increased by 9.67% and decreased by -12.85%, respectively.
What are NVIDIA's analysts' financial forecasts?
NVIDIA's analysts financial forecasts for the fiscal year (Jan 2026) are as follows: average revenue is $104.77B (high $113.88B, low $100.29B), average EBITDA is $40.08B (high $43.57B, low $38.37B), average net income is $57.81B (high $64.35B, low $54.6B), average SG&A $9.03B (high $9.82B, low $8.64B), and average EPS is $23.22 (high $25.84, low $21.93). NVDA's analysts financial forecasts for the fiscal year (Jan 2027) are as follows: average revenue is $130.86B (high $142.24B, low $125.27B), average EBITDA is $50.06B (high $54.42B, low $47.92B), average net income is $66.49B (high $74.01B, low $62.79B), average SG&A $11.28B (high $12.26B, low $10.8B), and average EPS is $26.7 (high $29.72, low $25.22).
Did the NVDA's actual financial results beat the analysts' financial forecasts?
Based on NVIDIA's last annual report (Jan 2024), the company's revenue was $60.92B, beating the average analysts forecast of $54.1B by 12.61%. Apple's EBITDA was $32.97B, beating the average prediction of $8.4B by 292.60%. The company's net income was $29.76B, beating the average estimation of $6.96B by 327.58%. Apple's SG&A was $2.65B, beating the average forecast of $2.12B by 25.40%. Lastly, the company's EPS was $11.93, beating the average prediction of $10.91 by 9.38%. In terms of the last quarterly report (Jan 2024), NVIDIA's revenue was $22.1B, beating the average analysts' forecast of $20.19B by 9.47%. The company's EBITDA was $13.62B, beating the average prediction of $2.48B by 449.16%. NVIDIA's net income was $12.28B, beating the average estimation of $2.04B by 502.90%. The company's SG&A was $711M, beating the average forecast of $460.62M by 54.36%. Lastly, the company's EPS was $4.93, beating the average prediction of $4.53 by 8.72%