Nvidia stock slips as analyst cuts rating after outperformance
The independent research firm noted that consensus expectations imply GPU revenues will increase by 35% in 2025, which aligns with their previous forecast, adding that they “see limited further upside based on what we hear from the value chain.”
New Street Research said that consensus currently projects revenue growth to slow to mid-teens, a rate that could be at risk given the potential slowdown in hyperscale capital expenditures and increasing competition from ASICs and AMD , compared to a trough of 20x when growth slowed to 10% in 2019, before recovering to 35x.
New Street set its one-year target price for NVDA at $135, implying around 5% upside from current levels.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nvidia stock receives multiple stock target boosts on AI strengthNvidia stock receives multiple stock target boosts on AI strength
Read more »
NVIDIA stock will pass Microsoft next on way to $5 trillionNVIDIA stock will pass Microsoft next on way to $5 trillion - Navellier
Read more »
NVIDIA stock will pass Microsoft next on way to $5 trillionNVIDIA stock will pass Microsoft next on way to $5 trillion - Navellier
Read more »
Move over Nvidia: Fund manager likes 'overlooked' chipmaker with billions in AI chip salesNvidia may be dominating headlines, but one portfolio manager has her sights on this 'overlooked' stock.
Read more »
Nvidia stock rally 'likely to result in a swift reversal over coming weeks'Nvidia stock rally 'likely to result in a swift reversal over coming weeks'
Read more »
This stock is a 'unique NVIDIA proxy' says Morgan StanleyThis stock is a 'unique NVIDIA proxy' says Morgan Stanley
Read more »