Nvidia Price Targets Diverge Significantly
Analysts have set price targets for Nvidia (NASDAQ: NVDA) ranging from $140 to $352, reflecting a potential upside of 84% or a downside of 27% from its recent close of $191.52. The median target among analysts is $250, suggesting a 31% increase from current levels. Equity research firm Evercore ISI recently raised its target from $261, while Seaport Global Securities increased its target from $100 just two months ago.
Analyst projections for Nvidia’s financial performance have improved significantly over the last three months, with estimates for fourth-quarter revenue and adjusted earnings per share rising by 67% and 71%, respectively. Furthermore, projected profit per share for the upcoming fiscal year has increased from $6.55 to $7.66 in that same timeframe. Currently, Nvidia’s stock is trading at 25 times forward earnings, amidst robust growth expectations in the artificial intelligence sector.
