NVIDIA Stock Forecast: NVDA Continues to Fall, Outlook Negative on Monday. Earnings on Wednesday
|NVDA Stock Forecast: Highlights|
|–NVIDIA Stock Forecast: Shares of NVDA are expected to trade between $158 and $176. The current recommendation is Negative.|
|-The average 12-month target for NVDA is $350|
|-Positives: Recent hike in price target, Strong balance sheet|
|-Negatives: decrease in demand for GPUs.154.8|
Latest NVIDIA stock price
|Share Volume||74 M||Higher|
|Forward PE (1 Year)||56.4||NA|
NVIDIA Stock Forecast: Performance chart
Nvidia Stock Forecast: Competition Analysis
|Stock Name||Zacks Ratings||Price Target for 12 months||Zacks Industry Rank|
|Texas Instruments||3-Hold||$199||Top 40%|
Read NVIDIA Stock Forecast 2022 here
NVIDIA Stock Forecast: Momentum Summary
|Performance versus Peers (Last 5 Days)||Lower|
|Social Media Sentiment||Lower|
NVIDIA Stock Forecast: Google Search Trend
|May 20th||May 23rd||Trend|
|Google Search Volume||49||52||Higher|
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NVDA Stock Forecast: Technical Analysis
Latest NVDA Technical Analysis Video
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NVIDIA Stock Forecast: Latest NVDA News and Tweets
Nvidia $NVDA is currently -10.0% at $166.94. Earnings due Wed’ AH should be fine, but the stock is m/t broken with the main market. Support 140/130s. I’d note the 2021 $115s, and lower bol’ $76.
NVIDIA Stock Prediction: Social Media Sentiment
|Last 7 Days||Last 24 hours||Trend|
NVDA Stock Forecast: Omniverse Platform and Metaverse Opportunity.
- Omniverse is Nvidia’s answer to the booming opportunity of Metaverse- a virtual world to allows people to engage and communicate with one another using augmented reality, virtual reality, and artificial intelligence.
- Omniverse is like a replication engine for training robots, augmenting real-world data, and simulating real-world functionaries. One of the features of the metaverse is using avatars that will replicate yourself in front of others and Nvidia is offering Omniverse avatars for this.
- During the earnings call, Huang claimed an annual license fee of $1000 per user to use Omniverse. There is expected to be around 40 million designers around the world, which will sour the revenue from Omniverse to around $40 billion in coming years.
- The $40 billion figure excludes the sales of GPUs users will have to buy for their PCs to run Omniverse, which can run on any device by using Nvidia RTX graphics technology. That will boost the core business of GPU for Nvidia further.
All this explains how big opportunity is on the doors of Nvidia and it cannot be overlooked as a growth catalyst in near future.
NVDA Stock Forecast: Should you buy now?
Nvidia is firing all cylinders and taking all positive steps to outperform on its expectations. Nvidia is a classic example of a growth stock, and nobody can deny the future growth prospects of virtual reality, augmented reality, and artificial intelligence.
However, NVDA shares are currently trading at more than 80x forward earnings and therefore could be volatile in the short run. However, the stock is a good bet in the long run.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.