Will Nvidia stock ever split?
The company's history of stock splits suggests that another one could be imminent. Nvidia has split its stock five times since it went on the market. The latest was in 2021, when it did a 4-for-1 split. The stock traded for around a pre-split price of $744 -- cheaper than it is today.
With a high stock price, good momentum and an optimistic outlook, Nvidia is poised for a stock split in 2024. A split doesn't change the stock's potential for volatility, so do your research to ensure the move is right before you buy.
After Nvidia announced its stock split on May 21, 2021, the stock had a strong run-up until the split took effect on July 20, increasing nearly 40% at its peak. This same time frame would also make sense in 2024, as Nvidia's annual meeting occurs in June.
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Nvidia Stock Will Ride AI Wave To $1,000, Goldman Sachs Says After GTC 2024.
So to answer the question, Nvidia could be worth $3 trillion by 2025 if it hits analyst estimates; it would just be an expensive stock. But Nvidia's stock has rarely been cheap over the past year, and likely won't get much cheaper moving forward, especially if it continues to post strong growth.
Also, considering the other notable catalysts that Nvidia could benefit from, it won't be surprising to see the company's top line head closer to $300 billion after five years.
In the current month, NVDA has received 101 Buy Ratings, 6 Hold Ratings, and 2 Sell Ratings. NVDA average Analyst price target in the past 3 months is $975.73.
| Company | Old FV | Split Date |
|---|---|---|
| ICICI Prudential Nifty Auto ETF | 10 | 01-03-2024 |
| Remedium Lifecare Ltd | 5 | 23-02-2024 |
| SG Mart Ltd | 10 | 22-02-2024 |
| Maagh Advertising & Marketing Services Ltd | 10 | 05-02-2024 |
Stock Price Forecast
The 41 analysts with 12-month price forecasts for NVIDIA stock have an average target of 886.27, with a low estimate of 460 and a high estimate of 1,200. The average target predicts a decrease of -3.07% from the current stock price of 914.35.
What stock is splitting 50 to 1?
In Chipotle's case, the board has approved a 50-for-1 stock split — meaning each Chipotle share is set to be split into 50 smaller shares.
- Alphabet Inc. (ticker: GOOGL)
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When any company's stock undergoes a split, the resultant share price may be increased. This is often followed by an almost immediate decrease in the price, but investors may well turn a profit if they act fast.
In short, Nvidia's CUDA moat is driving enormous shareholder returns, and it remains a company that could make more millionaires for some time.
Ahead of the conference, Truist analyst William Stein raised Nvidia's price target to 1,177 from 911. He sees stronger demand in 2024 and 2025 for Nvidia's chips. Analysts at HSBC also increased their price target, going to 1,050 from 880. Both Truist and HSBC maintained a buy rating on the stock.
Nvidia has identified Chinese tech company Huawei as one of its top competitors in various categories such as chip production, AI and cloud services.
He looks for securities with prices that are low based on intrinsic worth, and focuses on companies as a whole rather than the whims of the market. 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.
The NVIDIA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.
Assuming Nvidia is still trading at the same forward P/E, its stock price could reach $3,360 by the end of 2030, or 328% above the current share price. That would put its market cap at over $8 trillion.
Assuming Nvidia is still trading at the same forward P/E, its stock price could reach $3,360 by the end of 2030, or 328% above the current share price. That would put its market cap at over $8 trillion.
Does Nvidia have a future?
With AI seemingly being integrated into every aspect of our lives, Jayamanne believes Nvidia's future is bright, saying “Fiscal 2025 looks to be a banner year for Nvidia as demand continues to exceed supply.”
So, using a conservative 5% annual growth rate, which is close to the average growth of the world economy, we can project that Nvidia's stock price could reach about $1,694 per share by 2040. This would be more than double the current price.
| Ticker | Company | Performance (Year) |
|---|---|---|
| NVDA | NVIDIA Corp | 241.74% |
| SYM | Symbotic Inc | 119.72% |
| UPST | Upstart Holdings Inc | 72.48% |
| AVAV | AeroVironment Inc. | 63.22% |
As of today (2024-03-21), NVIDIA's Intrinsic Value: Projected FCF is $63.38. The stock price of NVIDIA is $924.38. Therefore, NVIDIA's Price-to-Intrinsic-Value-Projected-FCF of today is 14.6.
Nvidia shares tripled in 2023 and are up nearly 40% this year on growing excitement over the business potential of artificial intelligence.
