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KeyBanc analyst John Vinh was the most bullish of the latest investment notes, raising his firm’s price target to US$950 from US$775. Stein also increased his 2022 earnings per share estimate for Nvidia to US$18.13 from US$17.08 in a note dated 08 July 2021.įinally, he believes that the chip maker will remain a leader in parallel computing solutions, which will continue to drive its long-term structural growth. The analyst wrote that the data centre end market is likely to ‘continue to grow rapidly’, based on an analysis of sector trends. Truist Securities analyst William Stein was equally upbeat, lifting his firm's price target on Nvidia to US$910 from US$768 previously, while maintaining a ‘buy’ rating on the shares. How do analysts view NVDA?ĭespite NVDA’s recent bearishness, Oppenheimer’s equity research team raised its price target earlier this month to a much more optimistic US$925 from US$700 before, alongside an unchanged ‘outperform’ call on the stock.Īnalyst Rick Schafer predicted that Nvidia, along with other semiconductor stocks, are likely to beat analyst estimates in the upcoming quarters, with demand across the sector still going strong. The deal was originally expected to be completed by March 2022, but the deadline has been extended to September 2022, with regulatory review processes seemingly having no end in sight any time soon. Nvidia has yet to receive the necessary approvals from UK, European Union, US and Chinese anti-competition authorities for the deal, which was first announced last September. On a split-adjusted basis, the stock is down a massive 75% in the last one month alone, likely driven by the company’s proposed US$40 billion acquisition of UK chipmaker Arm Ltd, which remains inconclusive. The opening price had been based on the company’s final pre-split trading price of US$751 on 19 July. The semiconductor stock opened at a split-adjusted price of US$187 on Tuesday (20 July 2021), before finishing the session just slightly lower at US$186. Nvidia shares opened 1.4% higher a day after it began trading on a four-for-one stock split basis. Interested to trade Nvidia shares? Open an IG account today to get started.