According to B. Riley analyst Craig Ellis, Nvidia (NVDA, Financial) CEO Jensen Huang's predictions about an imminent breakthrough in quantum computing, akin to Moore’s Law advancements, could significantly benefit the sector. This optimistic perspective is seen as a positive sentiment shift for quantum technology firms. Ellis believes that the potential growth in quantum computing stands to benefit D-Wave Quantum, as it leads in commercialization efforts. Consequently, B. Riley raised its price target for D-Wave Quantum from $13 to $20, maintaining a Buy rating for the stock. The adjustment reflects underlying drivers in the semiconductor capital equipment industry, highlighting potential opportunities for investors.
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 21.22% from the current price of $144.12. 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 89.7% from the current price of $144.12. 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.
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