Key Highlights:
- Nvidia (NVDA, Financial) partners with Hewlett Packard Enterprise (HPE) on an innovative supercomputer project.
- Wall Street remains optimistic with a significant potential upside for Nvidia stock.
- GuruFocus estimates suggest a favorable future valuation for Nvidia.
Nvidia (NVDA) has announced a strategic collaboration with Hewlett Packard Enterprise (HPE) to develop a pioneering supercomputer named Blue Lion for Germany’s Leibniz Supercomputing Centre. By leveraging HPE Cray technology alongside Nvidia's powerful GPUs, this project aims to deliver approximately 30 times more computing power than its predecessor, substantially boosting Europe’s research infrastructure.
Wall Street Analysts' Outlook
The consensus among 52 analysts points to a promising year ahead for NVIDIA Corp (NVDA, Financial). The average price target is $174.71, with forecasts ranging from a high of $372.87 to a low of $100.00. This average target suggests a potential upside of 22.49% from the current trading price of $142.63. For a deeper dive into these estimates, visit the NVIDIA Corp (NVDA) Forecast page.
In terms of brokerage recommendations, NVIDIA Corp (NVDA, Financial) enjoys an average rating of 1.8 from 65 brokerage firms, which equates to an "Outperform" status. This rating system spans from 1 to 5, where a 1 indicates a Strong Buy and a 5 suggests a Sell.
GuruFocus Valuation Insights
According to GuruFocus estimates, Nvidia's estimated GF Value in the coming year is projected to reach $273.40. This projection indicates a substantial upside of 91.68% from the current price of $142.63. The GF Value represents GuruFocus' assessment of the fair value for which the stock should ideally trade. This valuation is derived from historical trading multiples, past business growth, and anticipated future performance. Additional insights and data can be explored on the NVIDIA Corp (NVDA, Financial) Summary page.
