If the price can surpass the all-time high, 430.71 and 491.16 are viable upside targets. This move would require the bulls to remove the resistance barriers at 270.21 and 287.05 (10 January 2022 high). To nail this target, the Nvidia stock price must surpass the previous all-time high of 22 November 2022. It is noteworthy that Citi provided this buy rating after the Arm acquisition fell through. At the current market price, this target implies that there is still a 42% upside move left in the stock.
He reiterated the bank’s buy rating on the stock with a $350 price target. Supporting a bullish Nvidia stock forecast 2022 outlook is Citi analyst Arif Malik.
If the price closes higher following the day’s trading session, this would mark a 4th consecutive day of gains and bring the Nvidia stock price closer to its previous highs. Today, the Nvidia stock price is primed for a higher open it is up 1.54% in premarket trading. The Nvidia stock forecast for 2022 appears to be on track, with the expectation of an uptrend move that will eventually surpass the 346.47 high seen on 22 November 2021. There were feelings in some quarters that the failed acquisition of Arm in a deal that would have been worth $40billion could have derailed attempts at registering new highs for the stock in 2022. Twenty-three analysts have Nvidia as a Strong Buy because of the bullish Nvidia stock forecasts.
Source: TipranksĪ review of TipRanks’ compilation of the ratings of 26 analysts shows a consensus that the stock has the potential to hit $353.26 – $400.00 in the next year. Nvidia Price Targets from 26 Institutional Analysts. As the company moves ahead with its launch of Grace, its computer processing unit, Citi bank believes that it can go on with this project with empowerment from its 20-year Arm license without necessarily owning Arm. Despite terminating the Arm acquisition and giving up $1.25 billion as compensation to Arm’s owner SoftBank, Nvidia still retains the 20-year Arm license. This is a stock that has a lot of tailwinds following it. The question should not be, “will Nvidia go up”? Instead, the question should be about the extent to which Nvidia should be going up.
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