Stock evaluation by leading analysts on Nvidia at present
Nvidia Stock Remains a Strong Buy, Analysts Agree
In the tech industry, the consensus among top analysts is clear: Nvidia (NVDA) is a strong buy. As of 2023, the analyst consensus for Nvidia stock is "Strong Buy", with top analysts collectively projecting an upside potential ranging approximately from 6% to 12% over the next 12 months.
The 12-month average analyst price target ranges from about $185.79 to $194.07 with upside potential 4.5% to 6.8% from current prices near $180-$182. Some sources cite a slightly higher upside near 11-12% with an average target price around $191.26 (from 38 analysts). The highest individual targets go as high as $250, indicating significant longer upside for bullish analysts.
The consensus rating across about 35+ analysts is firmly "Strong Buy", signaling overall confidence in Nvidia’s near-to-mid term outlook. Recent analyst actions include target price raises by key firms like Morgan Stanley (up to $200) reflecting positive sentiment on Nvidia’s strategic growth and AI chip developments.
However, it's important to note that some risks, such as geopolitical tensions and Chinese regulatory scrutiny, have caused minor short-term volatility. Yet, these risks have not materially altered the overall bullish analyst consensus.
Notable analysts recommending Nvidia include Mark Lipacis (Rank 4) and Christopher Rolland (Rank 30) of Evercore ISI and Susquehanna respectively, both suggesting a target price of $160, implying an upside potential of 32%. Atif Malik (Rank 11) of Citi also recommends buying Nvidia with a target price of $150, implying an upside potential of 24%.
It's also worth mentioning that the CEO and majority shareholder of the publisher Boersenmedien AG, Mr. Bernd Foertsch, and the board member Mr. Leon Mueller, have positions in Nvidia. However, there is a conflict of interest notice for the publisher Boersenmedien AG regarding Nvidia.
In summary, the top 50 world-class analysts ranked by TipRanks strongly recommend Nvidia as a "Strong Buy" as of 2023, expecting the stock price to grow by approximately 6-12% within a year, with some potential upside much higher based on optimistic price targets around $250. As of the current year, Nvidia's stock has already gained over 150% year-to-date.
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