What will NVDA stock be worth in 2030?
Nvidia (NVDA) stock has very little chance of hitting $10,000 by the end of next year, but it's fun to ponder the possibility. To reach $10,000, it needs significant multiple expansion. Nvidia could strike gold again with what lies beyond chatbot generative AI.
Nvidia (NVDA) stock has very little chance of hitting $10,000 by the end of next year, but it's fun to ponder the possibility. To reach $10,000, it needs significant multiple expansion. Nvidia could strike gold again with what lies beyond chatbot generative AI.
NYU finance professor Aswath Damodaran, known as the "Dean of Valuation," thinks Nvidia's fair value assuming a revenue CAGR of 32% over the next five years is $436. Nvidia's current share price is more than twice that amount.
Based on these scenarios, the stock prices forecast for 2040 range between $2,038 and $9,854. Extending the same growth rates to 2050, the stock price forecast models span from $3,319 to $40,562 per share.
Also, with that gain, it is less than 3% of Nvidia's current size. Since Super Micro would have to grow to more than 2.4 times Nvidia's size to make small investors millionaires, investors should not expect such results.
Nvidia (NASDAQ: NVDA) has made a lot of millionaires over the last year as its share price skyrocketed 225%. The company rallied investors as it became the poster child for a boom in artificial intelligence (AI), snapping up an estimated 90% market share in AI chips.
Nvidia (NASDAQ: NVDA) is a prime example of what a successful buy-and-hold investment can deliver over the long run.
(We) expect healthy growth for Nvidia's data centre revenue beyond 2024.” While still on the higher side, the falling P/E ratio coupled with the significant stock price increase is a strong indication of the company's ability to generate growth and the investor confidence in its future earnings potential.
Eight years ago, Nvidia (NASDAQ: NVDA) mostly sold computer chips to make video games look prettier – the shares went for $8 apiece. In 2024, the shares change hands for over $800. Nvidia is the third-largest company in the world.
The S&P 500 index had an average annual return of 11.8% between 1957 and 2021. If Tesla stock were to grow at this average rate until 2040, TSLA stock would be worth $1,541 in 2040. This would be more than 4x the stock's current all-time high price of $407.
Is Nvidia stock going to split in 2024?
Based on Nvidia's split history and its current price, a 2024 split is likely.
If Amazon maintains its current valuations, matches analysts' expectations, and grows its EPS at a CAGR of 20% from 2025 to 2030, its market cap would reach $5.5 trillion by the final year.
The next decade is going to be a tougher slog than the last 10 years. Tesla won't be a bust like Rivian and Lucid but I don't see it outperforming the market either. The share price will have to come down significantly from these levels to make TSLA stock a buy.
He has said he generally avoided tech stocks, and according to Berkshire's most recent 13F filing for the fourth quarter, the company held no stake in Nvidia. Might he similarly regret not getting in on Nvidia?
Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. Hedge funds don't have many shares in NVIDIA. The Vanguard Group, Inc. is currently the largest shareholder, with 8.3% of shares outstanding.
Its Relative Strength Rating of 98 also shows that it outperforms the vast majority of stocks in the Investor's Business Daily database. Nvidia also is one of the Magnificent Seven stocks that led the 2023 stock rally.
Projections show Nvidia's stock should continue beating the S&P 500. Nvidia has stunned Wall Street over the last year, posting multiple quarters of record earnings. In the fourth quarter of 2024 (ended in January), the company's revenue increased by 265% year over year to $22 billion.
As of 2024-04-17, the Fair Value of NVIDIA Corp (NVDA) is 297.59 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 874.15 USD, the upside of NVIDIA Corp is -66%.
So, Nvidia's revenue is on track to increase 5 times in a space of five years considering its fiscal 2024 forecast, translating into a compound annual growth rate (CAGR) of 38%. A similar CAGR over the next five years would take Nvidia's annual revenue to a whopping $295 billion in fiscal 2029.
Will Nvidia Stock Keep Going Up in 2024? Looking at Nvidia's consensus target price of $675.52, it seems that Wall Street does not expect the stock to rise any higher. However, the Street-high target price of $1,100 implies that the stock has still room to keep running.
How high will Nvidia stock go?
Although Nvidia stock has already gained substantially year-to-date, at least one Wall Street analyst expects the chip giant's stock to reach $1,400 - the Street-high price target - in the next 12 months. Let's explore why.
A decade ago, $1,000 would have bought you a little more than 210 shares. Today those same shares are nearly $900, each. If you'd invested $1,000 into Nvidia a decade ago, the position would be worth nearly $185,000 today.
In addition, the fact that so much of its value is now rested on its future performance means the stock becomes even more risky if it doesn't meet investor expectations quarterly. Therefore, investors must recognize that Nvidia is highly risky, and should be prepared to hold it for the long term.
Dividend Summary
The next NVIDIA Corp dividend is expected to go ex in 2 months and to be paid in 2 months. The previous NVIDIA Corp dividend was 4c and it went ex 1 month ago and it was paid 22 days ago. There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 12.0.
Goldman now sees Nvidia rising to $800 in 12 months.
