Nvidia Stock Forecast For 2023: What To Watch For NASDAQ:NVDA

Posted on April 28, 2021

Click the link below and we’ll send you MarketBeat’s list of seven best retirement stocks and why they should be in your portfolio. Sign-up to receive the latest news and ratings for NVIDIA and its competitors with MarketBeat’s FREE daily newsletter. Forward P/E uses projections of future earnings instead of final numbers. Calculated by Time-Weighted Return since 2002. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.

  • The downtrend is expected to begin in the current quarter itself, according to IDC.
  • NVIDIA Corporation creates graphics processing units and chipsets for computers and mobile devices.
  • At the same time, there is a support zone spanning $224.99 to $228.39 generated by a combination of numerous trend lines in different time periods.
  • Assuming a similar multiple for the next five years and the projected earnings calculated above, Nvidia’s stock price could hit $800.

The forecast for beginning of December 454. Price at the end 477, change for December 5.07%. Price at the end 435, change for October 0.00%.

Export Forecast data (CSV)

The next year, in 1997, the company will release the world’s first 128-bit 3-D processor. It quickly gains acceptance gaming OEMs and more than 1 million units are shipped the first four months. Later, in 199, the company will invet the GPU and change the world of computing forever.

Wall Street analysts maintained a ‘buy’ rating for NVIDIA’s stock. However, whether NVIDIA stock is a good stock for you to buy should depend on your own research. It’s worth remembering that analysts’ predictions can be wrong.

The NVIDIA stock prediction results are shown below and presented as a graph, table and text information. The good part is that Nvidia is working to increase its GPU (graphics processing unit) supply to gamers, which will help it ease the shortage to a large extent by the middle of 2022. Even the likes of Apple have fallen prey to the global chip shortage, losing billions of dollars in revenue as the tech giant has failed to make enough devices to meet demand.

AMD announced in June that during the third quarter, it would start sampling its MI300X chip with clients. Those GPUs were designed specifically for AI models. Wall Street analysts believe that NVIDIA’s stock offers a potential upside of +29% based on the sell-side’s consensus target price of $203.63. Meanwhile, in its NVIDIA share price forecast, economic data provider Trading Economics  projected that the stock could trade at moving average forex $157.95 a share by the end of this quarter and at $144.78 in one year. The massive growth opportunities discussed above and Nvidia’s dominant position in multiple markets indicate why the company’s earnings could clock a compound annual growth rate (CAGR) of nearly 35% for the next five years. At this pace, Nvidia’s adjusted earnings could increase from $4.44 per share in fiscal 2022 to nearly $20 per share after five years.

  • NVIDIA’s financial year ends on January 31, so the company’s fiscal year 2024 (February 1, 2023 to January 31, 2024) is roughly equivalent to calendar year 2023.
  • Price at the end 757, change for October 3.84%.
  • At the time of writing on 2 September, NVDA stock price has fallen 59.7%  from the all-time high of $346.47 achieved intraday in November 2021.
  • The forecast for beginning of November 435.

The company gave a weaker outlook for the third quarter with revenue expected to be $5.9bn, plus or minus 2%. However, Nvidia said the decline is expected to be partially offset by sequential growth in Data Center and Automotive. But the tech stock started to give up its gains entering 2022. At the time of writing on 2 September, NVDA stock price has fallen 59.7%  from the all-time high of $346.47 achieved intraday in November 2021. NVIDIA stock has disappointed shareholders with a 38.11% loss in one year.

IDC points out in its PC market forecast for 2022 that the demand for gaming computers will remain strong. The overall computer graphics market is expected to grow by $7 billion next year and hit $138 billion in value, according to a third-party estimate. Gaming PCs are expected to hit $37 billion in revenue in 2022, and Nvidia is in a solid position to corner most of this market given its 80%-plus share. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. The company expects to report an adjusted loss of 18 cents to 10 cents per share for Q4.

Aviva Stock Forecast, “AV” Share Price Prediction Charts

The Motley Fool owns and recommends Nvidia. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist.

NVIDIA (NVDA) Stock Forecast, Price & News

Barclays lowered its price target on Carnival stock to $21 from $22 last Thursday but maintained an overweight rating on shares. The firm expects “solid” Q3 results with an upbeat outlook on demand and bookings. But Barclays sees fuel and currency pressures weighing on Carnival’s Q4 guidance.

Market consensus expects NVIDIA Corporation to grow its annual EPS by a high-teens percentage level for the next two years, which is satisfactory. But this does not justify the stock’s forward P/E and EV/EBITDA multiples that are above 50 times. Going into 2022, a valuation de-rating is probable assuming NVDA misses consensus earnings forecasts, especially if the gaming segment’s growth slows further. Going into calendar year 2022 and fiscal year 2023 (February 1, 2022 to January 31, 2023) for NVIDIA Corporation, investors need to consider the future performance of both the company’s data center and gaming business segments.

So far this year, Nvidia shares have almost tripled while AMD is up about 60%. Since the launch in late 2022 of OpenAI’s ChatGPT chatbot, the tech industry has been swarming to new large language models, which require hefty processing power. Shares of AMD rose almost 5% Thursday, a day after Microsoft’s technology chief said the chipmaker is bolstering its position in artificial intelligence, where Nvidia dominates. “We have samples in the hands of customers, that compared to samples from our competitors, blow away everyone,” Sadana said. “In fact, the power consumption is so much lower for higher performance that some of our customers didn’t believe the data till they actually tested it out.” In the next section, I touch on the financial outlook for NVIDIA Corporation in the subsequent year.

NVIDIA STOCK FORECAST 2023, 2024, 2025

Price at the end 924, change for March 5.00%. NVIDIA stock price predictions for January 2025. Price at the end 877, change for January 5.03%.

Always conduct your own due diligence and remember that your decision to trade should depend on your risk tolerance, portfolio size and goals, and experience in the market. Keep in mind that past performance does not guarantee future returns. In the past two years, NVIDIA’s stock growth had been stellar, gaining 121.91% and 129.29% in 2020 and 2021, respectively. The global chip manufacturing industry saw rising demand from new technology trends, such as the Internet of Things (IoT) and artificial intelligence (AI). When NVIDIA’s founders – Jensen Huang, Chris Malachowsky and Curtis Priem – started the company in 1993, there were more than two dozen graphics chips companies. Three years later, the number of graphic chips companies soared to 70.

The third potential catalyst is continued share repurchases. The S&P 500 drops 0.7% on average in September, according to Bank of America – and this year has fallen in line with Pitch the Perfect Investment that trend, with the benchmark index down 2.5% over the past 21 days. Support, on the other hand, can be located around $235.37, which is a trend line in the weekly time period.

That market reaction is a tad surprising given that Nvidia crushed Wall Street’s expectations nicely thanks to terrific growth in its top and bottom lines. NVIDIA’s Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and software solutions for gaming platforms. NVIDIA was founded in 1993 by three friends and is headquartered in Santa Clara, California. The company was intended to focus on chips for the budding gaming and entertainment industry that was spawned by the rise of the personal computer and the Internet.

Stock Prices

At the same time, there is a support zone spanning $224.99 to $228.39 generated by a combination of numerous trend lines in different time periods. As of 2 September, the stock was quoted at $137.11, dropping 1.6%, TradingView data show. The stock plunged to a fresh 52-week low of Demarker indicator $132.7 on 1 September after the company announced the new export license in a filing on 31 August. The Value Pendulum is an Asian equity market specialist with over a decade of experience on both the buy and sell sides. Harsh Chauhan has no position in any of the stocks mentioned.

Leave a Reply

Your email address will not be published. Required fields are marked *