NVIDIA (NVDA) Stock Forecast & Price Target

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$696.41

-4.58 (-0.65%)

(As of 02/8/2024 ET)

NVIDIA Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 39 Analyst Ratings

Analysts' Consensus Price Target

$616.35
-11.50% Downside

High Forecast	$800.00
Average Forecast	$616.35
Low Forecast	$195.00

Type	Current Forecast 2/8/23 to 2/8/24	1 Month Ago 1/9/23 to 1/9/24	3 Months Ago 11/10/22 to 11/10/23	1 Year Ago 2/8/22 to 2/8/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	34 Buy rating(s)	33 Buy rating(s)	35 Buy rating(s)	23 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	1 Hold rating(s)	9 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$616.35	$593.26	$561.83	$209.23
Predicted Upside	-11.50% Downside	28.88% Upside	31.94% Upside	26.28% Upside

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NVDA Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NVDA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

NVIDIA Stock vs. The Competition

Type	NVIDIA	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.90	2.57	2.48
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	-11.50% Downside	162.82% Upside	8.84% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
2/7/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$603.00 ➝ $750.00	+7.19%
2/5/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$625.00 ➝ $800.00	+20.92%
1/29/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$775.00	+25.33%
1/19/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Strong-Buy ➝ Strong-Buy	$600.00 ➝ $700.00	+20.69%
1/18/2024	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$560.00 ➝ $790.00	+40.94%
1/16/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$650.00 ➝ $740.00	+35.26%
Get the Latest News and Ratings for NVDA and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for NVIDIA and its competitors with MarketBeat's FREE daily newsletter.
1/3/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Luria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$410.00	-14.88%
11/22/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$650.00	+32.16%
11/22/2023	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Positive ➝ Positive	$625.00	+27.48%
11/22/2023	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$625.00	+28.48%
11/22/2023	Edward Jones Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
11/22/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$590.00 ➝ $625.00	+25.14%
11/22/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$560.00 ➝ $580.00	+16.13%
11/22/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$600.00 ➝ $675.00	+35.15%
11/22/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	$600.00 ➝ $650.00	+30.15%
11/22/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$675.00 ➝ $700.00	+40.16%
11/22/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$600.00 ➝ $650.00	+30.15%
11/22/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$650.00 ➝ $700.00	+40.16%
11/22/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$668.00 ➝ $674.00	+34.95%
11/22/2023	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy
11/22/2023	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$600.00	+20.13%
11/17/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$600.00	+21.40%
11/17/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$620.00	+25.21%
11/17/2023	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$600.00	+21.46%
10/18/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$630.00 ➝ $575.00	+30.87%
10/11/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$600.00 ➝ $700.00	+51.46%
8/28/2023	Phillip Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Accumulate ➝ Buy
8/24/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$600.00	+18.92%
8/24/2023	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$500.00 ➝ $700.00	+38.74%
8/24/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$450.00 ➝ $600.00	+27.35%
8/24/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$500.00 ➝ $610.00	+29.47%
8/24/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$570.00 ➝ $750.00	+59.18%
8/24/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$570.00 ➝ $630.00	+33.71%
8/24/2023	Westpark Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$690.00	+46.45%
8/24/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$600.00 ➝ $650.00	+37.96%
8/24/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$440.00 ➝ $560.00	+18.86%
8/24/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$745.00	+58.12%
8/21/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$600.00 ➝ $780.00	+80.14%
6/29/2023	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$408.00 ➝ $475.00	+16.36%
3/22/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Chris Caso Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		$275.00	+4.97%
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2/23/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$240.00 ➝ $260.00	+25.28%
2/16/2023	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Sell	$195.00	-14.34%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 09:06 PM ET.

NVDA Price Target - Frequently Asked Questions

What is NVIDIA's consensus rating and price target?: According to the issued ratings of 39 analysts in the last year, the consensus rating for NVIDIA stock is Moderate Buy based on the current 1 sell rating, 3 hold ratings, 34 buy ratings and 1 strong buy rating for NVDA. The average twelve-month price prediction for NVIDIA is $616.35 with a high price target of $800.00 and a low price target of $195.00. Learn more on NVDA's analyst rating history.
Do Wall Street analysts like NVIDIA more than its competitors?: Analysts like NVIDIA more than other Computer and Technology companies. The consensus rating score for NVIDIA is 2.90 while the average consensus rating score for computer and technology companies is 2.57. Learn more on how NVDA compares to other companies.
Is NVIDIA being downgraded by Wall Street analysts?: Over the previous 90 days, NVIDIA's stock had 1 downgrade by analysts.

Does NVIDIA's stock price have much upside?: According to analysts, NVIDIA's stock has a predicted upside of 26.89% based on their 12-month stock forecasts.
What analysts cover NVIDIA?: NVIDIA has been rated by Bank of America, Benchmark, BMO Capital Markets, Cantor Fitzgerald, DA Davidson, Edward Jones, JPMorgan Chase & Co., KeyCorp, Mizuho, Morgan Stanley, Needham & Company LLC, Oppenheimer, Piper Sandler, Raymond James, Rosenblatt Securities, Sanford C. Bernstein, Stifel Nicolaus, Susquehanna, The Goldman Sachs Group, Tigress Financial, Truist Financial, UBS Group, Wedbush, and Wells Fargo & Company in the past 90 days.

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This page (NASDAQ:NVDA) was last updated on 2/8/2024 by MarketBeat.com Staff

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NVIDIA (NVDA) Stock Forecast & Price Target

NVIDIA Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

NVDA Analyst Ratings By Month

NVDA Price Targets by Month

NVIDIA Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

NVDA Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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