NVIDIA Stock Forecast
Analysts Predict a Bright Future for NVIDIA
Average Price Target of $129.74
In a recent survey of 39 analysts, NVIDIA stock has an average price target of $129.74 for the next 12 months. This indicates a bullish outlook for the company, as the target price is significantly higher than the current stock price of around $115.
The analysts' optimism is based on NVIDIA's strong financial performance and its leadership position in the graphics processing unit (GPU) market. GPUs are essential components in artificial intelligence (AI) and machine learning applications, which are growing rapidly.
NVIDIA is also benefiting from the increasing demand for its GPUs from gamers and data centers. The company's recent launch of the GeForce RTX 30 series of graphics cards has been met with strong demand, and its data center business is growing rapidly as more companies adopt AI and machine learning.
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