Key Highlights:
- Nvidia is bolstering its presence in China with a new R&D center in Shanghai, addressing local demands and navigating U.S. export restrictions.
- Wall Street analysts forecast an average target price of $163.81 for Nvidia, suggesting a notable potential upside.
- GuruFocus estimates a significant upside potential based on the GF Value, projecting a fair value of $267.21.
Nvidia Expands R&D Operations in China
Nvidia (NVDA, Financial) is taking a strategic step to cement its position in the Chinese market by setting up a research and development center in Shanghai. This initiative aims to tailor its offerings to local client needs while adhering to the stringent U.S. export regulations. Despite the intensifying U.S. export controls, Nvidia's demand in China remains robust, making up 14% of its anticipated 2024 revenue.
Wall Street Analysts' Price Targets
According to the projections of 51 analysts, NVIDIA Corp (NVDA, Financial) holds an average one-year price target of $163.81. This analysis includes a high estimate of $235.92 and a low of $100.00. The average target indicates a potential upside of 21.49% from its current price of $134.83. For more comprehensive estimates, visit the NVIDIA Corp (NVDA) Forecast page.
Brokerage Recommendations
The consensus among 64 brokerage firms places NVIDIA Corp's (NVDA, Financial) average brokerage recommendation at 1.8, which corresponds to an "Outperform" rating. This rating scale ranges from 1 to 5, where 1 signifies Strong Buy and 5 denotes Sell.
GuruFocus Estimates: Significant Upside Potential
Utilizing GuruFocus metrics, the estimated GF Value of NVIDIA Corp (NVDA, Financial) in one year is projected to be $267.21. This suggests an impressive upside potential of 98.18% from the current price of $134.83. The GF Value represents GuruFocus' calculation of the stock's fair trading value, determined by examining historical trading multiples, past business growth, and future performance estimates. For more detailed information, visit the NVIDIA Corp (NVDA) Summary page.
