On the date of publication, Mark Hake did not hold (either directly or indirectly) any positions in the securities mentioned in this article. This way they can begin accumulating or lowering their average cost by buying at today’s cheap price. But since everyone says the stock is too cheap, maybe investors should begin averaging into the stock. These are all higher than my conservative estimate. In addition, Seeking Alpha reports that 44 analysts have an average price target of $317.73, a similar price target. Their average price target is $308.26, or 87.8% over today’s price. Moreover, reports that 25 analysts have written on the stock in the past three months. Analysts will want to see what the company says about its future outlook in terms of demand and its own revenue forecast.Īs it stands now 44 analysts surveyed by Refinitiv have an average price target of $319.18, or 91% over today’s price. What Investors in NVDA Stock Should DoĪll eyes will be on the earnings release set for May 25 covering its fiscal first quarter ending April 30. That works out to a mean upside of 30% from today, or $216.76. So it looks like NVDA stock is worth somewhere between 11.5% and 49% over today. This is still at least 11.5% over today’s price. The average of both is $247.80, which is 48.6% over today’s price.īut, just to be conservative, let’s apply a 30x multiple instead of 40x to each year’s forecast and then average them. That is 35.5% over today’s price.Īnd if we apply the 40x multiple to the 2023 projection of $6.74, the price target rises to $269.60.

If we apply this 40x multiple to the 2022 EPS forecast of $5.65, the resulting price target is $226.00. This implies that the stock could be seriously cheap. For example, shows that its past 5-year forward P/E has averaged 40.2x. This is very cheap compared to Nvidia’s historical forward multiple. Where This Leaves Nividia Stock Going Forwardįrankly, that is a pretty good problem to have. It’s lower simply because the growth rate in earnings per share will fall from 27% this year to 20% or so next year. So you can see that NVDA stock is falling not because analysts expect the company to start losing money.

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