Data News > Pre Market Movers: Wall Street Analysts Set Nvidia Stock Price Forecast for Next 12 Months

Pre Market Movers: Wall Street Analysts Set Nvidia Stock Price Forecast for Next 12 Months

By KlickAnalytics Data Insights  |   December 31, 2024 09:29AM ET

Key Points

- Nvidia stock price saw a staggering 187.07% increase in 2024
- S&P 500 Index is up approximately 23% in 2024
- Analysts' favorite S&P 500 stocks for 2024 did not perform well
- Nvidia is holding steady near key averages as 2024 comes to an end
- The company's ability to maintain growth raises doubts as it enters 2025

Wall Street analysts have set a stock price forecast for Nvidia (NASDAQ: NVDA) for the next 12 months following the company's exceptional performance in 2024. The tech giant saw its share price soar by an impressive 187.07% and its market capitalization surge by over $2 trillion during the year.

As the end of 2024 approaches, the S&P 500 Index has experienced a 23% increase. However, investors are reflecting on the year and realizing that the stock market may not always accurately reflect the state of the economy, with various data points providing unclear and conflicting signals.

Despite analysts picking their favorite S&P 500 stocks for 2024, the majority of their choices did not live up to expectations. Nvidia, however, has managed to defend its key support levels as the year comes to a close, while Meta Platforms is showing potential for a rebound above its 50-day average.

Following the release of its fiscal 2025 third-quarter results, Nvidia stock has seen a decline of over 6%, raising concerns about the company's ability to sustain its rapid growth. While Nvidia had an outstanding 2024, doubts about its future trajectory have emerged as it enters the new year.

In comparison to other top performers in the benchmark S&P 500 index, Nvidia's stock has risen by 178% this year. However, there are two S&P 500 companies that have exceeded Nvidia's performance, highlighting the competitive landscape the tech giant faces.

Looking ahead to 2025, analysts are predicting that Nvidia will continue to dominate the AI chip market. Despite uncertainties surrounding its growth potential, the company's track record in 2024 indicates a strong foundation for future success.

In conclusion, while Nvidia experienced a stellar year in 2024, its performance in the coming year remains uncertain. Analysts and investors will closely monitor the company's ability to navigate challenges and maintain its position as a leader in the tech sector.

About NVDA
NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds. Its Compute & Networking segment provides Data Center platforms and systems for AI, HPC, and accelerated computing; Mellanox networking and interconnect solutions; automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions; cryptocurrency mining processors; Jetson for robotics and other embedded platforms; and NVIDIA AI Enterprise and other software. The company's products are used in gaming, professional visualization, datacenter, and automotive markets. NVIDIA Corporation sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, independent software vendors, Internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups, and other ecosystem participants. It has a strategic collaboration with Kroger Co. NVIDIA Corporation was incorporated in 1993 and is headquartered in Santa Clara, California.

For more information:
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  • Price Distribution
  • Analyst Recommendations
  • Earning Price Impact Analysis
  • Seasonality


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