Nvidia Stock Forecast 2024-2029: Predictions And Future Outlook

Nvidia, a global leader in graphics processing units (GPUs) and artificial intelligence (AI) technologies, continues to make waves in the tech industry. As of 2022, the company has demonstrated significant growth, annoying the interest of investors eager to anticipate its stock performance in the years ahead.

In this comprehensive analysis of the Nvidia stock forecast, we delve into predictions, trends, and expert opinions to provide valuable insights for potential investors. Nvidia (NVDA), one of the largest technology companies, boasts top-ranked divisions across various sectors. The corporation’s diverse portfolio includes designing graphics processing units, gaming software, professional visualization software, and system-on-a-chip units for mobile computing and the automotive market, as well as innovations in Artificial Intelligence, Machine Learning, Network Solutions, and Cloud Computing. As a key supplier of media and communications processors used in AI technologies, Nvidia plays a crucial role in the industry.

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Explore the Nvidia stock listed on NASDAQ for a complete understanding of its future outlook.

Current Market Overview:

• The current NVDA stock price is $788.17.
• According to analytical forecasts, the price of NVDA stocks may reach $1,014.56 by the end of 2024, and it is expected to be – $2,327.17 by the end of 2029.
• Based on technical analysis indicators, the recommendation for the 1H (one-hour) timeframe is Strong Buy, and for the 1D (one-day) timeframe – Strong Buy.

The NVDA stock closely follows NASDAQ futures, showing a unique pattern: it rises quickly but drops swiftly during economic downturns. Over the past five years, NVDA’s stock surged from $60 to over $300, marking a fivefold increase. In the thriving AI tech scene in late spring 2023, the stock hit a record high, surpassing $400.

The big question is: How resilient will the potential pullback be? Could the stock drop back to $300-350, or are we heading for a new high?

Traders Union analysts gathered Nvidia (NVDA) stock data, providing forecasts for 2024, 2025, 2026, 2027, 2028 and 2029. This page offers insights into financial reports, multipliers, short-, medium-, long-term predictions, analytical evaluations, investment advice, and more, all crucial for understanding Nvidia’s Stock Forecast from 2024-2029.

Key data for analyzing Nvidia stock

In this part, you’ll find simple numbers about Nvidia and other important information to understand its overall performance. The section shows the company’s main financial signs and key measurement methods.

Basic indicators offer a broad overview of the company’s operations and market position.

Basic indicators

Industry

Semiconductors

Sector

Technology

Number of employees

29.6K

Latest dividend payment date

2024-27-03

Dividend amount

0.039

Market cap

1.97T

Net worth

1963.45B

52-week low

222.97

52-week high

823.94

Beta coefficient

1.68

Key financial indicators of Nvidia contain general information about the company’s financial condition. To understand this, we compare present values with those from earlier times, predictions, and the numbers from other companies in the same field.

Financial indicators

Gross profit

15.36B

Net income

9.24B

Accounts payable

2.38B

Accounts receivable

8.31B

EPS

3.75

Long-term debt

9.55B

Multipliers are like coefficients or derived financial signs that help evaluate how financially stable a company is. They also show if a company’s value is too low or too high, its investment appeal, and its overall performance, and can even help predict if the value of its shares will go up or down.

Multipliers

EV

1.51T

EV/R

33.71

P/E

81.28

EV/EBITDA

68.25

EBITDA

10.96B

P/S

33.87

Profit margin

0.42

P/B

45.61

Operating margin

0.57

Total debt

11.03B

Annual revenue per share

18.18

Debt to equity ratio

33.15

ROE

0.69

Current liquidity coefficient

3.59

ROA

0.27

Ratio of short positions to the total shares in circulation

0.01

Forward P/E

29.58

Forward annual dividend yield

0

PEG

29.58

Operating cash flow

18.84B

It’s Growing Fast: Is Nvidia a good stock to buy?

Five years ago, Nvidia announced annual revenue of $11.7 billion for fiscal 2019. Looking ahead to their fiscal 2024 forecast, Nvidia’s revenue is expected to grow fivefold over the next five years, with a compound annual growth rate (CAGR) of 38%. If this growth rate continues for the following five years, Nvidia’s annual revenue could reach an impressive $295 billion by fiscal 2029.

However, some Wall Street analysts are positive about Nvidia’s potential. Consider Mizuho analyst Vijay Rakesh, for instance. He anticipates that Nvidia’s annual revenue, solely from AI chip sales, could reach $300 billion by 2027, attributed to the company’s substantial 75% market share in the rapidly expanding AI chip market. Although this projection might initially appear ambitious, a detailed examination of the AI chip market suggests that Nvidia might achieve this remarkable milestone.

Nvidia is widely recognized as the leading player in the current successful tech sector of AI chips. This dominance has propelled the company to achieve a remarkable surge in both revenue and earnings in the past year. This shows that Nvidia is a good stock to buy.

Remember that the AI chip market is in the early stages of significant expansion. Advanced Micro Devices, a competitor of Nvidia, projects that the market for AI accelerators could soar to $400 billion by 2027, a substantial increase from the previous estimate of $45 billion. Analysts at Citi anticipate that Nvidia will continue to hold a dominant 90% share in this market for the next two to three years, despite the attempts by rival companies to narrow Nvidia’s lead.
This is because Nvidia has intensified its commitment to advancing AI chip technology, which positions it well to secure a lasting presence in this market. Consequently, the prospect of Nvidia achieving $300 billion in yearly revenue from AI chip sales within five years remains plausible. Even if its market share decreases to 75%, as suggested by Rakesh, the goal seems achievable given the projected overall size of the AI chip market, which is estimated to reach $400 billion, according to AMD.

The positive development is that Nvidia is expanding its influence beyond the AI accelerator market. The company has introduced new graphics cards designed for consumers to utilize AI applications directly on their desktops and laptops. These applications include gaming, developing large language models (LLMs), tailoring generative AI models, and even inferencing applications. For example, Nvidia asserts that its latest RTX 4080 Super graphics card can “process AI video 1.5 times faster and images 1.7 times faster than the GeForce RTX 3080 Ti GPU.

Considering the anticipated 26% annual growth in demand for edge AI-capable devices like smartphones, personal computers, and cameras until 2032, with an expected annual revenue of $143 billion by the end of this forecast period, Nvidia is making a strategic move by entering this market ahead of time.

Considering various catalysts and potential growth drivers, it’s not surprising to envision Nvidia’s revenue reaching close to $300 billion over the next five years, aligning with our Nvidia stock forecast for 2024-2029. If this projection materializes, investors can anticipate substantial gains in the stock’s value again during this forecasted period. Explore Nvidia’s future outlook and predictions for 2024-2029 to make informed investment decisions.

What’s the expected price of NVDA stock in the next year?

In this part, you will learn the following analyst forecasts:

• Anticipated stock valuation
• Estimations for quarterly and yearly earnings per share (EPS).
• Forecasts for quarterly and yearly sales volume.
• Anticipated evaluation of capitalization growth rates.

The forecasts are made based on surveys of top managers of companies and analysts. Also, the company’s current financial indicators and projected indicators were considered.

Recommendations of analysts

 Projected stock value for six months, USD

Quarterly and annual earnings per share (EPS) forecast, USD

Number of analysts participating in the forecast:38rall profit)

Quarterly and annual sales volume forecast (overall profit)

Number of analysts participating in the forecast: 48

Projected assessment of capitalization growth rates

Forecasting Nvidia’s Price Five Years Ahead – Annual Predictions

According to analytical forecasts, the price of NVDA stocks may reach $1,014.56 by the end of 2024, and it is expected to be – $2,327.17 by the end of 2029.

Alternate extended-term price predictions provided by independent analytical platforms

In this section, you can discover extended-term predictions for stock prices offered by independent analytical sources. These forecasts may exhibit significant variations due to each source’s differing methodologies. Concentrating on the average price for a more balanced perspective is advisable.

According to Coin Price Forecast analysts, the Nvidia stock price forecast for the next 5 years is as follows:

According to the price forecast by Walletinvestor analysts, the Nvidia stock will be priced at $1,082.009 at the beginning of 2025 and $2,183.366 at the beginning of 2028.

According to the price forecast by Long Forecast analysts, the Nvidia stock will be priced at $1,808 at the beginning of 2025.

Which developments related to Nvidia (NVDA) could impact its future stock price?

In July 2021, the company implemented a 4-to-1 stock split, reducing the nominal value of shares. This move facilitated the attraction of smaller equity investments from private investors, propelling the corporation’s capitalization to a record peak by autumn. However, uncertainties that were restricted by the pandemic led to a subsequent pullback. A surge in interest in artificial intelligence technologies in the spring of 2023 drove the NVDA stock price to surpass $400, reaching a new historical high.

 Key factors inducing the Nvidia stock price:

• Financial reporting includes information like earnings, profits, ratios, and predictions for sales.
• The need for microchips utilized in AI applications, including neural networks and chatbots, is rising.
• Changes in the cryptocurrency market have been notable. During the mining boom, GPU demand surged significantly, contributing to additional sales for the company. Presently, the company is venturing into a new realm: the development of the metaverse. The prosperity of this venture could catalyze long-term stock price growth.
• Competitive dynamics within the sectors where the company is involved, such as cloud gaming, are noteworthy. Nvidia is a player in this space with its gaming platform called NVIDIA GeForce, entering into competition with services like Google Stadia, Microsoft Xbox Network, and Amazon Luna. The announcement of Electronic Arts projects joining the platform led to a 3.9% increase in NVDA stock price. Updates on corporate subsidiaries’ transactions have a transient effect on stock prices, offering potential utility in short-term day trading strategies.
• Force majeure events, like the recent pandemic, disrupted logistical chains and created shortages of components. This surge in demand for Nvidia products resulted from these disruptions. Conversely, a return to normalcy in lifestyle contributed to a decline in the stock price.

Unexpected events, like the recent pandemic, messed up supply chains and caused parts shortages. This led to a higher demand for Nvidia products. However, as things went back to normal, the stock price dropped.

Investors can anticipate the stock to enhance their wealth

Nvidia typically has a price-to-sales ratio of 20 over five years. Assuming the company’s revenue growth continues at the same rate as the past five years, we anticipate Nvidia will maintain this average sales ratio in the upcoming five years. With a projected revenue of $300 billion after five years, a sales ratio of 20 suggests a market capitalization of $6 trillion. This would be considerably higher than Nvidia’s present market cap, which is approximately $1.35 trillion.

Despite the optimistic outlook for Nvidia’s stock from 2024 to 2029, the current scenario indicates a discounted forward price-to-sales ratio of 14. If we project a similar multiple in the next five years, the estimated market cap could surge to $4.2 trillion, aligning with the $300 billion revenue forecast. This anticipation suggests a potential threefold increase in Nvidia’s stock price over the 5 years. Investors exploring the Nvidia stock forecast for 2024-2029: predictions and future outlook might find these insights valuable for their investment strategies.

This suggests that investors can anticipate a significant rise in Nvidia’s value over the next five years, potentially multiplying their investments and making it a top choice for growth stock investment.

Is it worthwhile to invest $1,000 in Nvidia right now?

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Conclusion

In conclusion, predicting the Nvidia stock predictions involves a comprehensive analysis of various factors, including industry trends, competitive dynamics, technological advancements, and regulatory considerations. Investors should approach forecasting with a balanced perspective, considering potential opportunities and risks.

By staying informed about Nvidia’s strategic initiatives and the broader market landscape, investors can make well-informed decisions based on a thorough understanding of the company’s future outlook.

NASDAQ: NVDA NVDA stock NVIDIA Corporation