Nvidia's projected stock price for the next month, September 2024, is expected to range between $92.51 and $123.60, with a 90% probability1. This forecast is based on the current short-term trend, which indicates a potential fall of -4.97% over the next 3 months1.
- Analyst Ratings and Price Targets: Nvidia has a strong buy rating from analysts, with an average 12-month price target of $151.79, representing a 27.16% upside from the last price of $119.3723. This suggests that analysts are optimistic about the stock's future performance.
- Technical Indicators: The stock holds a buy signal from the long-term average and a sell signal from the short-term average, with a general buy signal overall1. However, there are some negative signals, such as a sell signal from a pivot top point and a potential breakdown through the long-term average if the short-term average is not maintained1.
- Financial Performance: Nvidia has shown robust financial performance, with record quarterly revenue and net income in the first quarter of fiscal 20254. The company's data center revenue has been particularly strong, indicating continued growth in this area4.
- Market Conditions: The broader market conditions, including the performance of tech stocks and the overall economy, will also influence Nvidia's stock price. It's important to monitor these factors for any potential impacts on the stock's trajectory.
While the analyst ratings and financial performance suggest a positive outlook for Nvidia, investors should also consider the technical indicators and market conditions when evaluating the stock's potential movement in the coming month.
9/3/2024 09:29pm
