Analysts Forecast More Than 30% Upside for Nvidia. Is the Stock a Buy?

Motley Fool2023-12-25

Analysts forecast a 33% gain, on average, for Nvidia stock over the next year.Of course, that's no guarantee the chipmaker will advance this much in 2024.But recent results have been very impressive ...

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Is the Stock a Buy?","media":"Motley Fool","content":"<div>\n<p>Analysts forecast a 33% gain, on average, for Nvidia stock over the next year.Of course, that's no guarantee the chipmaker will advance this much in 2024.But recent results have been very impressive ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/12/24/analysts-forecast-30-upside-nvidia-stock-buy/\">Source Link</a>\n\n</div>\n","source":"fool_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Analysts Forecast More Than 30% Upside for Nvidia. 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Is the Stock a Buy?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-25 22:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/12/24/analysts-forecast-30-upside-nvidia-stock-buy/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Analysts forecast a 33% gain, on average, for Nvidia stock over the next year.Of course, that's no guarantee the chipmaker will advance this much in 2024.But recent results have been very impressive ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/12/24/analysts-forecast-30-upside-nvidia-stock-buy/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BD6J9T35.USD","symbol_name":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","start_time":0,"source_url":"https://www.fool.com/investing/2023/12/24/analysts-forecast-30-upside-nvidia-stock-buy/","article_id":"2393288783","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2393288783","pubTimestamp":1703515508,"columns":[],"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"Nvidia appears priced for perfection but could continue to rise.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","BK4543":"AI","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","BK4550":"红杉资本持仓","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4141":"半导体产品","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","BK4551":"寇图资本持仓","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","NVDA":"英伟达","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0079474960.USD":"联博美国增长基金A","BK4549":"软银资本持仓","LU0056508442.USD":"贝莱德世界科技基金A2","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0080751232.USD":"富达环球多元动力基金A","BK4548":"巴美列捷福持仓","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0109392836.USD":"富兰克林科技股A","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4534":"瑞士信贷持仓","BK4567":"ESG概念","BK4533":"AQR资本管理(全球第二大对冲基金)"},"translate_title":"分析师预测英伟达的上涨空间超过30%。这只股票值得买入吗？","themeId":"95e3e7595ac2407d82a2e646db9ba6e0","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NVDA":1},"content_text":"Analysts forecast a 33% gain, on average, for Nvidia stock over the next year.Of course, that's no guarantee the chipmaker will advance this much in 2024.But recent results have been very impressive with huge gains in net income.Motley Fool Issues Rare “All In” Buy AlertInvestors hoping for outsize gains over the next year may look toward Nvidia. Nvidia dominates the semiconductor market when it comes to chips designed for artificial intelligence (AI) purposes, and even with the stock's massive move higher, analysts project further upside over the next 12 months.However, stocks often fail to meet analyst expectations, and a 200% increase over the last year should rightly leave investors questioning how much more near-term upside they might have with Nvidia stock. Hence, investors should take a closer look before deciding whether to buy.Nvidia analyst recommendationsNvidia stock trades at just under $500 per share. It has been among the best performers of 2023 amid heightened interest in AI and the company's ability to support that technology.According to Tipranks, 34 different analysts have published 12-month projections for Nvidia stock. The estimates range from a low of $560 per share to as much as $1,100 per share. Under the worst-case scenario, Nvidia stock will rise 13%. The best-case scenario would take the stock almost 225% higher, surpassing the impressive performance of the last 12 months.Nonetheless, the average price target of just over $661 per share implies a 33% upside over the next 12 months. As mentioned before, analysts can be wrong. Still, over the past month, 15 of the 34 analysts highlighted in Tipranks have reiterated estimates, a reflection of how closely they watch the AI stock.Nvidia's financialsAdmittedly, the recent financials appear to more than back up the hype. In the third quarter of its fiscal 2024 (ended Oct. 29), Nvidia achieved record quarterly revenue of more than $18 billion. This was up 206% year over year and 34% from the previous quarter.Also, since the rise in operating expenses was comparatively modest, net income totaled $9.2 billion. In the year-ago quarter, Nvidia earned only $680 million. That's an almost 1,260% increase!Moreover, if Nvidia meets its expected $20 billion in Q4 revenue, it will experience a yearly increase of 231%, exceeding the current growth rate. Furthermore, the effects on valuation may not be as significant as some might assume, depending on how investors measure it. Currently, it supports a P/E ratio of about 65, a level not far above three-year lows.Still, the picture looks different when measured by price-to-sales (P/S) ratio. The stock currently sells at about 28 times sales. While the P/S ratio was higher recently, that takes it far above the level of Advanced Micro Devices or Intel, which could price Nvidia for perfection.Will Nvidia meet the price target?Given Nvidia's recent performance and massive revenue and earnings growth, it could meet its price target. Many investors will likely buy, considering that even the worst-case scenario calls for the stock to closely approximate the S&P 500's average growth.However, the P/S ratio indicates the market has priced Nvidia stock quite richly. Indeed, the revenue and earnings growth rate may look like perfection to some shareholders.Nonetheless, given the highly positive view on the stock, perceptions will probably change for the worse if they change at all. As for how to invest in Nvidia stock, new investors may want to proceed cautiously, wait for a lower valuation, or consider a lower-cost stock in the same industry.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":12,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2393288783"}