Summary:
- Nvidia-backed Perplexity AI launches Comet, an innovative AI-enhanced web browser.
- NVIDIA Corp's one-year price target suggests a notable upside potential of 9.16%.
- GuruFocus estimates reveal a significant upside of 71.72% for NVIDIA Corp.
Perplexity AI, with the robust support of Nvidia (NVDA, Financial), has unveiled Comet, an AI-driven web browser poised to revolutionize how users interact with digital content. This cutting-edge browser seamlessly merges tasks, research, and inquiries into a user-friendly interface, featuring an intuitive assistant for managing comparisons and bookings efficiently. Importantly, user data is securely maintained locally, with phased invite access rolling out initially to select subscribers.
Wall Street Analysts Forecast
Delving into the forecasts of 52 distinguished analysts, the average target price for NVIDIA Corp (NVDA, Financial) over the next year is strategically positioned at $178.19. Analysts have set a high estimate of $372.87 and a low estimate of $100.00, which crucially points to an anticipated upside of 9.16% from the current price of $163.24. For deeper insights and comprehensive estimate data, visit the NVIDIA Corp (NVDA) Forecast page.
The consensus recommendation from an impressive 65 brokerage firms classifies NVIDIA Corp's (NVDA, Financial) average brokerage recommendation at 1.8. This is indicative of an "Outperform" status. The rating scale applied ranges from 1 to 5, with 1 reflecting a Strong Buy and 5 suggesting a Sell.
GuruFocus' GF Value Estimate
According to GuruFocus estimates, the projected GF Value for NVIDIA Corp (NVDA, Financial) in the next year stands at $280.31. This alluring estimate suggests a substantial upside of 71.72% from its current trading price of $163.24. The GF Value represents the fair market value at which the stock should be traded, calculated from the historical trading multiples and a thorough analysis of past business growth alongside future business performance expectations. For further data, explore the NVIDIA Corp (NVDA) Summary page.
