Alex Belov
Developers by oneinveststock.com. Analyst, investor
Analysts Lower Nvidia (NVDA) Stock Price Targets Following Q2 2023 Report
On August 24, 2022, NVIDIA (NVDA) published a report for the second quarter of fiscal year 2023. The report fell short of analysts’ expectations. Following the report, 12 analyst firms lowered their price targets for NVIDIA (NVDA) shares for the next 12 months. Analyst firm Baird has set its lowest price target at $135. Also, analyst firms JP Morgan, Citigroup, Raymond James, Barclays, Benchmark, BMO Capital, Mizuho, Wedbush, Truist Securities, Truist Securities and Craig-Hallum changed their target prices. The general consensus forecast is “buy”. According to analysts, the average target price is $230.00. NVIDIA (NVDA) stock price is $179.13 as of August 25, 2022.
Analysts cut price targets for NVIDIA (NVDA) stock after report
DATE: 08/25/2022
Analyst "Craig-Hallum"
4.5/5
Consensus Rating = Hold
Price Target Change for the next 12 months = $180→$165
Percent upside potential for stocks
-7.89%
DATE: 08/25/2022
Analyst "Deutsche Bank "
4.5/5
Consensus Rating = Hold
Price Target Change for the next 12 months = $175 → $165
Percent upside potential for stocks
-7.89%
DATE: 08/25/2022
Analyst "Truist Securities"
4.5/5
Consensus Rating = Buy
Price Target Change for the next 12 months = $216 → $198
Percent upside potential for stocks
10.53%
DATE: 08/25/2022
Analyst "Wedbush"
4.5/5
Consensus Rating = Neutral
Price Target Change for the next 12 months = $190 → $160
Percent upside potential for stocks
-10.68%
DATE: 08/25/2022
Analyst "Baird "
4.5/5
Consensus Rating = Neutral
Price Target Change for the next 12 months = $150 → $135
Percent upside potential for stocks
-24.64%
DATE: 08/25/2022
Analyst "Mizuho"
4.5/5
Consensus Rating = Buy
Price Target Change for the next 12 months = $250 → $225
Percent upside potential for stocks
25.61%
DATE: 08/25/2022
Analyst "BMO Capital"
4.5/5
Consensus Rating = Outperform
Price Target Change for the next 12 months = $250 → $230
Percent upside potential for stocks
28.4%
DATE: 08/25/2022
Analyst "Benchmark"
4.5/5
Consensus Rating = Buy
Price Target Change for the next 12 months = $228 → $215
Percent upside potential for stocks
20.02%
DATE: 08/25/2022
Analyst "Barclays"
4.5/5
Consensus Rating = Overweight
Price Target Change for the next 12 months = $200 → $190
Percent upside potential for stocks
6.07%
DATE: 08/25/2022
Analyst "Raymond James"
4.5/5
Consensus Rating = Strong Buy
Price Target Change for the next 12 months = $240 → $210
Percent upside potential for stocks
17.23%
DATE: 08/25/2022
Analyst "Citigroup"
4.5/5
Consensus Rating = Buy
Price Target Change for the next 12 months = $285 → $248
Percent upside potential for stocks
38.45%
DATE: 08/25/2022
Analyst "JP Morgan"
4.5/5
Consensus Rating = Overweight
Price Target Change for the next 12 months = $230 → $220
Percent upside potential for stocks
22.82%
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