Sales came in at $7.64 billion versus an expected $7.42 billion, up 53% year on year. In Nvidia’s fourth-quarter earnings report for 2021, both earnings per share and revenue figures beat analyst expectations.
Nvidia Stock Earnings Forecast – What is Predicted by Analysts?
However, even though the company has recently posted good earnings, it did not escape the stock market crash and market panic at the beginning of 2022 which has seen the stock fall nearly 40% from its record high in November 2021 to the end of January 2022. During the pandemic, technology stocks rallied the most as consumer demand for electronics and online working surged. The company has been high on investors’ watchlists as it is a leader in providing graphic processing units that are used in gaming, electric vehicles and mining cryptocurrency. More than 63% of the stock is currently owned by institutions with over $127 billion of institutional flows into Nvidia over the past 12 months and only $13 billion of outflows. Nvidia has long been a darling among investors and hedge funds alike. But what is the Nvidia stock forecast for this week, or the Nvidia 5 year stock forecast? To understand where the company could be trading in the long term, let’s first take a look at the fundamentals of the Nvidia stock forecast. This means the stock is still trading below the average price target for the Nvidia stock price forecast. However, at the time of writing Nvidia’s share price was trading around $228.50. Of these 30 analysts, the average price rating for the stock is $332.71, with the highest price target at $400.00 - issued this year by Rosenblatt Securities.Įven though there are more buy ratings for the Nvidia share price forecast, it does not mean the share price will go up immediately. What is the prediction for Nvidia stock? According to the 30 analysts polled by MarketBeat, there are currently 26 buy ratings on the stock, 3 hold ratings and zero sell ratings. Why Invest in Nvidia Shares with Admirals?.Nvidia Stock Price Forecast Timing: When to Buy or Sell?.Nvidia Stock Forecast Analysis – Technical and Fundamental.
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