#Nvda forecast 2023 driver

At the high price target of $370.00, the upside potential is 117%. At a recent price of around $170.30 a share, the upside potential based on a median price target of $220.00 is 29.2%. Of 42 analysts covering the stock, 32 have a Buy or Strong Buy rating and another nine rate the shares at Hold. Nvidia expects to begin shipping its new Grace Hopper superchip early next year. Coupled with the 50% haircut to Bitcoin prices since late April, Nvidia has to look for growth from its data center business, where it competes with AMD and Intel, and continued success in its auto industry business. The semiconductor industry as a group has fallen by around 17% over the same period.Įarlier this month, the company said it expects its gaming division to put up lower sales than originally expected.

Over the past year, 65 analyst firms have published NVIDIA (NVDA) stock forecasts for 2023. On May 27, 2022, analysts at Baird released the latest price target for NVIDIA (NASDAQ: NVDA) stock at 165 over the next 12 months.

#Nvda forecast 2023 driver

( NASDAQ: NVDA) have plummeted by nearly 47%. In the long term, games and the launch of the Metaverse will remain a strong growth driver for the company. Nvidiaįrom their peak in late November, shares of Nvidia Corp. Here is what to expect when these four companies report results Wednesday afternoon. Shares traded down about 1%.Īfter markets close Tuesday, Nordstrom, Petco, Toll Brothers and Urban Outfitters are expected to post their quarterly results.ĪLSO READ: Why 5 ‘Strong Buy’ Value Dividend Stocks Can Weather the Bear Market

The company reaffirmed prior fiscal-year guidance. Medtronic beat the EPS estimate by a penny, but revenue came in better than expected. Current-quarter guidance was a bit short of the profit estimate but higher than the consensus revenue estimate. Macy’s also beat estimates on both the top and bottom lines. The stock traded up 3.5% in Tuesday’s premarket. KE Holdings also beat both top-line and bottom-line estimates but issued downside guidance for the current quarter. Premarket trading had the stock down about 12.5%.īefore markets opened on Tuesday, JD.com reported better-than-expected profit and revenue. The company also released downside guidance for the current quarter and for the fiscal year. Zoom Video beat EPS estimates but missed analysts’ consensus revenue estimate.

Shares were up more than 10% early Tuesday. The company also raised full-year guidance for earnings per share (EPS) and revenue. In Tuesday’s premarket session, the three major indexes traded lower.Īfter markets closed Monday, Palo Alto Networks reported better-than-expected profit and revenue. Based on our forecasts, a long-term increase is expected, the NVDA stock price prognosis for 2027-09. The 10-year Treasury note popped above 3% for the first time in a month, while meme stocks AMC (down 42%) and Bed Bath & Beyond (down 16%) continued sinking. NVIDIA Corp quote is equal to 131.980 USD at. All 11 sectors ended the day with losses, led by communications services (2.9%), technology (2.8%) and consumer cyclicals (2.8%). Real time NVIDIA (NVDA) stock price quote, stock graph, news & analysis. The Dow Jones industrials dropped 1.91%, the S&P 500 lost 2.14% and the Nasdaq tumbled by 2.55%. Alibaba Stock Price Forecast 2022-2023 Alibaba price started in 2022 at 118. equity indexes closed sharply lower Monday.