Navitas Semiconductor (NVTS) has seen its stock surge by 250% in the past month following news of a partnership with Nvidia (NVDA, Financial) to develop cutting-edge 800V HVDC architecture for AI factories. This collaboration highlights Navitas's capabilities in integrating GaN and SiC technologies, offering a promising potential in this innovative field.
Despite this positive momentum, Deutsche Bank analyst Ross Seymore has adjusted his stance on the company, revising his rating to Hold from Buy. He also reduced the price target for NVTS from $7 to $3.50. The analyst emphasized that while the partnership with Nvidia underscores Navitas's technological strengths, the full benefits of this collaboration may not be evident for at least another year.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 52 analysts, the average target price for NVIDIA Corp (NVDA, Financial) is $174.71 with a high estimate of $372.87 and a low estimate of $100.00. The average target implies an upside of 20.75% from the current price of $144.69. More detailed estimate data can be found on the NVIDIA Corp (NVDA) Forecast page.
Based on the consensus recommendation from 65 brokerage firms, NVIDIA Corp's (NVDA, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for NVIDIA Corp (NVDA, Financial) in one year is $273.40, suggesting a upside of 88.96% from the current price of $144.69. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the NVIDIA Corp (NVDA) Summary page.
