NVIDIA Stock Price Forecast December 2021 Time to Buy NVDA Stock?

Nvidia stock is looking bullish on the charts and is trading above all key moving averages including the 50-day, 100-day, and 200-day SMA . The 14-day RSI of 55.4 is a neutral indicator. RSI values above 70 signal overbought positions while values below 30 signal oversold positions. NVDA stock has been in an uptrend which might continue in the near term. The stock currently has 27 ‘buy’ ratings, five ‘hold’ ratings and two ‘sell’ ratings from analysts polled by FactSet.

In such a case, I would argue that it is not unreasonable to expect a sharp drop for NVDA shares – given the disappointing outlook would surely be judged relative to the company’s rich valuation. For reference, QCOM which trades at about 25% of NVDA’s valuation dropped 10% after the company flagged a softer-than-expected outlook. But year to date, shares are still down by approximately 60%. For further guidance about the company’s prospects, investors are now awaiting Q3 earnings, which are expected to be released on the 16th November post-market. If the regulators in the UK approve the deal to acquire Arm Holdings it would make NVDA a market leader in mobile chips. Analysts polled by Koyfin expect NVDA to post revenue growth of almost 60% in the current fiscal year.

On a longer term basis, earnings per share is forecasted to nearly double from their 2020 level. NVIDIA’s Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and software solutions for gaming platforms. Nvidia’s third-quarter results late Wednesday are likely to show that demand for electronics is still drying up, with analysts predicting an 18% drop in sales. Yet the stock, at 39 times estimated earnings, is still priced for a much better environment, at a time when the global economy appears to be heading for recession. Below you will find the stock price predictions for 2022, 2023.

On average, Wall Street analysts predict that Nvidia’s share price could reach $221.72 by Nov 11, 2023. The average Nvidia stock price prediction forecasts a potential upside of 33.04% from the current NVDA share price of $166.66. 35 Wall Street research analysts have issued «buy,» «hold,» and «sell» ratings for NVIDIA in the last twelve months. There are currently 10 hold ratings, 24 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should «buy» NVDA shares. View NVDA analyst ratings or view top-rated stocks.

Nvidia seems to create the most significant positive value in categories «Taxes», «Jobs», and «Creating knowledge». The positive contribution in the «Creating knowledge» impact category is mostly driven by its «IoT software», «Supercomputing services», and «Supercomputers» products. NVIDIA has a dividend yield of 0.10%, which is in the bottom 25% of all stocks that pay dividends.

nvidia stock forecast 2021

Price at the end 198, change for February -4.81%. Price at the end 208, change for January 5.05%. The forecast for beginning of December 189.

Hemostemix Stock Forecast, «HEM» Share Price Prediction Charts

Bank of America analysts recently lifted their price target on the Nvidia stock to US$665 from US$650, after the semiconductor firm posted better-than-expected third-quarter results. Today, NVIDIA Corporation is how to invest in real estate with $5000 the only remaining independently operating graphics-focused microchip company in operation. NVIDIA launched its first product in 1995 called the NV1 and paved the way for 3-D games like Sega’s Virtual Fighter.

nvidia stock forecast 2021

CFD crypto trading is unavailable for clients residing in the UK and US. UBS also liked Nvidia stock for its stable revenues. “In semis, we continue to favor the compute and memory verticals due to our structurally bullish demand view around AI and the push of more compute to the edge.

Nvidia stock price stood at $166.66

Proft taking usually hits yearly winners and with gains of 129% for 2021, we can forgive some small position squaring. Nvidia surged higher on Monday as risk-on sentiment bought up most stocks, but particular attention was paid to clear 2021 winners. This was not a case of Cyber Monday bargain hunting, rather investors overlooked stocks that have been struggling and instead bought up some already high-flying names. Nvidia is already nearly up 140% year to date, but that did not deter investors piling into the name on Monday. Laggard stocks were punished, Peloton for example slumped over 4% on Monday.

  • No representation or warranty is given as to the accuracy or completeness of this information.
  • Nvidia is a play on multiple themes ranging from blockchain, 5G, autonomous driving, and the metaverse.
  • The next year, in 1997, the company will release the world’s first 128-bit 3-D processor.

This means that this stock is suited as a new addition to your portfolio as trading bullish markets is always a lot easier. NVIDIA stock price has been showing a declining tendency so we believe that similar market segments were not very popular in the given period. Retail Sales in the US are forecast to rise by 1% in October after staying unchanged at $684 billion in September. Market participants will pay attention to the Q3 earnings reports of big retailers.

Earnings and Sales Forecasts

Price at the end 198, change for December 4.76%. The forecast for beginning of November 135. Price at the end 189, change for November 40.00%. Mohit Oberoi is a freelance finance writer based in India. He has completed his MBA in finance as a major. He has over 15 years of experience in financial markets.

nvidia stock forecast 2021

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Historical Forecasts

Bloomberg Markets European Open Bloomberg Markets European Open kick starts the trading day, breaking down what’s moving markets and why. Francine Lacqua and Tom Mackenzie live from London bring you an action-packed hour of news no investor in Europe can afford to miss. This stock may move much during the day and with a large prediction interval from the Bollinger Band this stock is considered to be «high risk». During the last day, the stock moved $6.16 between high and low, or 3.76%. For the last week, the stock has had daily average volatility of 5.00%. «NVDA» stock predictions are updated every 5 minutes with latest exchange prices by smart technical market analysis.

This is an increase of 4% compared to the previous 30 days. MarketBeat has tracked 19 news articles for NVIDIA this stan weinstein global trend alert week, compared to 20 articles on an average week. NVIDIA has received a 28.13% net impact score from Upright.

Price at the end 254, change for August 4.96%. Price at the end 242, make the deal: negotiating mergers and acquisitions change for July 5.22%. Price at the end 230, change for June 0.44%.

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