Is Nvidia Stock Going to 1400? 1 Wall Street Analyst Thinks So

Analyst Price Target Suggests Potential Upside

The NVIDIA Corp NVDA stock price forecast for the next 30 days is generally positive, with an average analyst price target of $133.06. Based on short-term price targets offered by 41 analysts, the average price target for Nvidia comes to $117.15.

Strong Fundamentals Drive Stock Surge

Nvidia's strong fundamentals, including robust quarterly earnings and a promising sales outlook, have contributed to the recent surge in its stock price. Furthermore, the company's leadership in the AI chip market positions it well for continued growth in the future.

Conclusion

With a consensus analyst price target of $112.80, Nvidia's stock may have limited upside potential in the short term. However, one Wall Street analyst believes the stock could reach $1400 by 2030, suggesting that Nvidia remains a promising investment for long-term investors.