NVDA Stock Price Forecast: Analysts Predict Strong Growth in 2024
Bullish Outlook for Nvidia
Analysts are bullish on Nvidia's (NVDA) stock price potential in 2024, predicting an average target price of $148,396 with a high forecast of $249,473. This represents a significant increase from its current price target of $100,218.
Bank of America's Optimistic View
Bank of America is particularly optimistic about Nvidia's prospects, predicting a 42% potential upside in 2024. The bank believes that the company will capitalize on its success in the AI-chip market.
Consensus Analyst Estimates
According to a consensus of analysts' estimates, NVDA's price target is $115,647, with a maximum estimate of $140,000 and a minimum estimate of $65,500. The average price target predicts a potential rise of 14.4% from the current price.
Long-Term Growth Potential
Wall Street analysts anticipate that Nvidia's share price could reach $104,624 by May 20, 2025, representing a potential growth of 4.3% from the current price target. The average Nvidia stock price prediction forecasts continued upward momentum in the coming years.
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