Macroeconomic backdrop, market cycle and sector analysisĮxecutive summary, recommendation and price target We surmise that this reduction in Nvidia's stock price presents a more sustainable entry point with risks of a valuation re-rating offset by continued strong revenue growth. We will outline our DCF model with revenue assumptions leading to a fair value share price for Nvidia as well as comparative models versus its peer group and index members.

Inflation and supply chain issues have also caused a rotational shift from growth to value and from tech to defensive stocks. A series of rate hikes from central banks on both sides of the Atlantic have been aggressively priced in by equity markets. This has been largely due to the shift from growth to value stocks as well as the changing macroeconomic picture. 26, 2021.Nvidia was one of the top-performing stocks in 2021, but the picture has changed in 2022 with the stock falling by nearly 40% year to date. *Stock prices used were the midday prices of Oct. 17.Ĭlick the video below for my full thoughts and analysis. Investors can expect Nvidia's stock price to be volatile until further information is given during its earnings call, scheduled for Nov.

The recent analyst upgrades and the potential revenue from Facebook have caused a strong bullish sentiment toward Nvidia.A good portion of the investments will go toward data centers, servers, and network infrastructure, which are markets Nvidia provides solutions for. 25, after the market closed, Facebook ( META -4.04%) reported earnings and mentioned a strong push into investments for AI and machine learning capabilities. 22, Summit Insights Group upgraded Nvidia to buy from sell. 25, Piper Sandler adjusted the price target on Nvidia to $260 from $225, and on Oct. In the past few days, analysts have shared bullish sentiments toward Nvidia.Today's video focuses on recent news affecting Nvidia ( NVDA -8.03%)and why its stock price went up over 6% in one day.

Nvda stock price on oct 22 2018