- Nvidia poised to benefit from a $23 billion European AI investment.
- Analysts predict significant upside potential for Nvidia's stock.
- GuruFocus metrics indicate a strong "Outperform" recommendation.
European AI gigafactories are advancing rapidly, potentially benefiting Nvidia (NVDA, Financial) as plans emerge for acquiring over 3 million AI processors. Nvidia, a leader in AI accelerators with a 70-95% market share, stands to gain significantly as the European Commission commits $23 billion to establish these factories across 16 EU states.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 52 analysts, the average target price for NVIDIA Corp (NVDA, Financial) is $176.73 with a high estimate of $372.87 and a low estimate of $100.00. The average target implies an upside of 12.06% from the current price of $157.71. More detailed estimate data can be found on the NVIDIA Corp (NVDA) Forecast page.
Brokerage Firm Recommendations
Based on the consensus recommendation from 65 brokerage firms, NVIDIA Corp's (NVDA, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
GuruFocus Valuation Insights
Based on GuruFocus estimates, the estimated GF Value for NVIDIA Corp (NVDA, Financial) in one year is $274.32, suggesting an upside of 73.94% from the current price of $157.71. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the NVIDIA Corp (NVDA) Summary page.
