NVDA Stock Forecast: Where is NVIDIA Stock Price headed?
This NVDA Stock Forecast article was written by Meiru Zhong – Financial Analyst at I Know First.
Summary
- NVIDIA achieved 58% gross margin and 21% net margin in the first 9 months of FY2023, its profitability positioning at the Top 20 Percent in the semiconductor industry.
- NVIDIA EPS will grow from $2.97 in the first 9-month level to $3.27 in the next period.
- Specialized segment Data Center and Automotive had positive growth in the first nine-month of 2022 while Gaming, Professional Visualization, and OEM and Other markets experienced downward due to an oversupply of products and lower demand expectations.
- DCF estimates NVDA stock will grow to $291, a 37% upside potential for the year 2023.