NVIDIA Stock: Positive Analyst Outlook
Average Target of $129.74
The 39 analysts with 12-month price forecasts for NVIDIA stock have an average target of 12974 with a low. This consensus target price indicates a potential upside of 2.7% from the current market price of $126.15. The highest analyst target price for NVIDIA stock is $154.00, while the lowest target price is $98.00.
Positive Sentiment
Overall, the analyst sentiment for NVIDIA stock is positive. The majority of analysts (82.3%) recommend buying the stock, while 12.8% have a hold rating and 4.9% have a sell rating. This positive sentiment is likely driven by the company's strong financial performance and its leading position in the rapidly growing graphics processing unit (GPU) market.
Conclusion
The positive analyst outlook for NVIDIA stock is a testament to the company's strong fundamentals and its long-term growth potential. With a consensus target price of $129.74, analysts believe that the stock has room to appreciate further in the coming 12 months. Investors looking for exposure to the growth potential of the GPU market may want to consider adding NVIDIA stock to their portfolios.
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