Analysis: Nvidia price targets rise - experts see great potential

Analysis: Nvidia price targets rise - experts see great potential

According to a report by www.deraktionaer.de, several analysts raised their price targets for Nvidia on Friday. Loop Capital has set its price target for Nvidia shares at $1,200, which represents a return potential of 65 percent, the highest among analysts.

This increase in price targets reflects analysts' confidence in Nvidia's growth potential. Loop Capital analysts believe the company will exceed consensus estimates for 2024, 2025 and 2026 based on expected AI data center performance. Their price target is based on 30 times forecast earnings per share of $40 in fiscal 2025.

Analysts at Oppenheimer and Barclays were also optimistic and increased their price targets for Nvidia. Oppenheimer expects Nvidia to beat consensus estimates in Q4 earnings and Q1 guidance, while also looking forward to updates from its China business. This also creates positive expectations for the company and is reflected in the increased price targets.

The expected Q4 earnings release is keeping investors excited, and analysts' rising price targets could bolster confidence in Nvidia's growth potential. This could also have an impact on the entire technology sector, as Nvidia plays a significant role in the industry. Investors will eagerly follow developments at Nvidia and adjust their investment decisions accordingly.