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NVIDIA (NVDA) stock forecast for 2024
Updated: September 12, 2024 (11:51)
Sector: TechnologyThe share price of NVIDIA Corp. (NVDA) now
50/200 Day Moving Average: $117.95 / $89.69
This figure corresponds to the Average Price over the previous 50/200 days. For NVIDIA stocks, the 50-day moving average is the resistance level today.
For NVIDIA stocks, the 200-day moving average is the resistance level today.
Are you interested in NVIDIA Corp. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the NVIDIA stock price in 2024. How much will one NVIDIA share be worth in 2024? Is it worth taking profit / loss on NVDA stock now or waiting? What are analysts' forecasts for NVIDIA stock?
We forecast NVIDIA stock performance using neural networks based on historical data on NVDA stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.
NVIDIA Corp. stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for NVIDIA analysts is $144.84. Today 200 Day Moving Average is the support level (89.69 $). 50 Day Moving Average is the resistance level (117.95 $).
Historical and forecast chart of NVIDIA Corp. stock
The chart below shows the historical price of NVIDIA stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the NVDA stock price can be found in the table below.
Nvidia’s 2024 Stock Forecast: Eyeing the $905 Milestone
As Nvidia Corporation (NASDAQ:NVDA) cements its position as a leader in the AI-accelerated healthcare domain, its stock continues to show promising growth potential. With advanced GPUs fueling breakthroughs in medical imaging, drug discovery, and genomics, Nvidia taps into a lucrative $250 billion market. The company’s solid foothold in healthcare, underpinned by platforms like Clara and BioNeMo, underscores a significant revenue stream complementing its diverse portfolio.
The precision of stock predictions is always a tightrope walk, balancing quantitative assessments with a myriad of potential market influences. Analyzing trends and leveraging our technical analysis toolkit, we forecast that Nvidia’s stock could climb to $905 by the end of 2024. This projection is driven by strong indicators such as a favorable P/E ratio, robust RSI, and bullish MACD trends. However, it’s crucial to note that even with advanced models, pinpoint predictions remain elusive due to the complex nature of financial markets.
2024: A Pivotal Year for Nvidia
Several factors are poised to shape Nvidia’s stock trajectory in 2024. With the healthcare AI sector accelerating, developments within Nvidia’s healthcare platforms could substantially influence the company’s growth and, consequently, its stock rates. Additionally, the demand dynamics in the data center segment—the company’s significant source of revenue—are also critical. Any shifts here pose a risk but also a potential for considerable gains, should Nvidia continue to innovate and lead in this space.
Investors should brace for short-term resistance around $712, and regard the $505 and $435 levels as crucial mid-term support. These thresholds offer a strategic view of when to enter or exit positions. While The stock market is notoriously difficult to predict with absolute accuracy, the indicators available to us now suggest a bullish outlook for Nvidia, with specific attention to the highlighted stock price thresholds as key moments of opportunity within the coming year.
NVIDIA (NVDA) Forecast for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Oct | 113.26 | 108.37 | 118.56 | 8.60 % |
| Nov | 114.76 | 106.50 | 117.93 | 9.69 % |
| Dec | 121.37 | 115.83 | 131.42 | 11.86 % |
NVIDIA information and performance
2701 SAN TOMAS EXPRESSWAY, SANTA CLARA, CA, US
Market capitalization of the NVIDIA Corp. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of NVDA shares in the company outstanding by the market price of one share.
EBITDA of NVIDIA is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
NVIDIA price target for 2024 by month
Target values for the price of one NVIDIA share for Oct 2024.
In Oct, the Positive dynamics for NVIDIA Corp. shares will prevail with possible monthly volatility of 8.598% volatility is expected.
Pessimistic target level: 108.37
Optimistic target level: 118.56
Target values for the price of one NVIDIA share for Nov 2024.
In Nov, the Positive dynamics for NVIDIA Corp. shares will prevail with possible monthly volatility of 9.693% volatility is expected.
Pessimistic target level: 106.50
Optimistic target level: 117.93
Target values for the price of one NVIDIA share for Dec 2024.
In Dec, the Positive dynamics for NVIDIA Corp. shares will prevail with possible monthly volatility of 11.858% volatility is expected.
Pessimistic target level: 115.83
Optimistic target level: 131.42
NVIDIA (NVDA) stock dividend
NVIDIA last paid dividends on 09/12/2024. The next scheduled payment will be on 10/03/2024. The amount of dividends is $0.022 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.
Last Split Date: 01/01/1970
Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization.
For example, a 5: 1 ratio means that the value of one share will decrease 5 times, the total amount will increase 5 times. It is important to understand that this procedure does not change the capitalization of the company, as well as the total value of assets held in private hands.
