The Nvidia share forecast range shifted from 500-650 per share to 520-665 per share with the likes of Citigroup, Bank of America, UBS and Barclays raising their price targets. According to the latest long-term forecast, Nvidia price will hit 150 by the end of 2022 and then 200 by the end of 2023. Shares of Nvidia are up more than 55% in 2021 and have more than doubled in the past 12 months. At least 11 equities analysts boosted their price targets for the stock on November 19 in response to the strong earnings report. BMO also said that as Nvidia focuses more on software, the firm expects gross margins to rise, meaning increased profitability. our prior expectation of $25 billion," Srivastava said. NVDA has a higher number of analysts covering the stock than 4141.94 of all US stocks. Earnings Estimates High Estimate, 0.77, 0.86 Low Estimate, 0.37, 0.44 Prior Year, 1.01, 1.14 Growth Rate Est. "As we look further out to the company's data center business, we now see the business growing to a $32 billion business a few years out vs. The analyst believes that the data center will generate high revenue as the demand checks are. The firm raised its outlook on Nvidia's data center component. Truist analyst William Stein has raised the price target of NVDA stock to 910 and has a buy rating. BMO reiterated its outperform rating on Nvidia shares. The new price target implies upside of 25% to the stock's closing price of $800.10 on Wednesday. #NVDA STOCK PRICE TARGET 2021 SOFTWARE#"For NVDA, we are raising our target price to $1,000 from $750, based on our confidence in the data center business as it continues to evolve from hardware to a hardware with a meaningful software component further out," BMO's Ambrish Srivastava said in a note. BMO Capital Markets hiked its Nvidia price target to a Wall Street high on Thursday, citing a bullish view on the semiconductor company's data center business.
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