The probability of Nvidia (NVDA) stock price reaching certain price points after the earnings call on July 3, 2024, can be assessed based on the following factors:
- Current Stock Price: As of the latest data, the stock price is $123.211.
- Analyst Expectations: Analysts have set an average price target of $135.81 for Nvidia, with a high forecast of $200 and a low forecast of $152.
- Recent Performance: The stock has experienced a slight decline over the past week, with a -2.43% change3.
- Moving Averages: The 5-day and 10-day moving averages are above the current trading price, indicating a potential downward trend3.
- Earnings Growth: Nvidia is expected to report strong earnings growth, with estimated EPS for the quarter ending June 30, 2023, of $3.094.
- Market Conditions: The broader market conditions and investor sentiment will also play a role in determining the stock's price movement.
Probability of Stock Price Reaching $140:
The probability of the stock price reaching $140 after the earnings call is low, but possible. The current stock price is below the average price target, and the company is expected to report strong earnings growth. However, the recent trend and moving averages suggest a potential downward trend, which may limit the stock's upside potential.
Probability of Stock Price Reaching $145:
The probability of the stock price reaching $145 after the earnings call is relatively low. The current stock price is below the average price target, and the recent trend and moving averages suggest a potential downward trend. While the company is expected to report strong earnings growth, the market may already have priced in some of this growth, limiting the stock's upside potential.
Probability of Stock Price Reaching $118:
The probability of the stock price reaching $118 after the earnings call is low. The current stock price is significantly higher than this price point, and the recent trend and moving averages suggest an upward trend. However, the stock would need to experience a significant decline from its current price to reach $118.
Probability of Stock Price Reaching $113:
The probability of the stock price reaching $113 after the earnings call is very low. The current stock price is significantly higher than this price point, and the recent trend and moving averages suggest an upward trend. The stock would need to experience a significant decline from its current price to reach $113.
It's important to note that these probabilities are based on the available data and market conditions, and the actual stock price movement will depend on various factors, including the company's financial performance, guidance, and market conditions. The earnings report will be a significant catalyst for the stock's price movement, and investors should closely monitor the report for any indications of future growth and market trends.
7/2/2024 05:50pm
