Nvidia Stock Price Predictions for 2024, 2025, and 2030

Summary

• Nvidia's stock price is expected to reach an average of $388.716 in 2025, with a high estimate of $523.105 and a low estimate of $254.327.
• The gaming hardware market is expected to generate $161 billion in revenue in 2024 and could grow to $241 billion by 2030.
• Nvidia's short-term price target is $142.48, according to 40 analysts.

Market Trends

The gaming hardware market is growing rapidly, driven by the increasing popularity of online gaming and the development of new technologies such as virtual reality (VR) and augmented reality (AR). In 2021, the global gaming hardware market was valued at $143.7 billion, and it is expected to grow to $241 billion by 2030, according to Statista.

Nvidia is one of the leading manufacturers of gaming hardware, and the company is expected to benefit from the growth of the gaming market. In 2021, Nvidia reported revenue of $26.91 billion, up 61% from the previous year. The company's net income rose to $9.75 billion, up 125% from 2020.

AI Growth

In addition to gaming, Nvidia is also a leader in the field of artificial intelligence (AI). The company's GPUs are used in a wide range of AI applications, including machine learning, deep learning, and image recognition. AI is expected to be a major growth driver for Nvidia in the coming years.

According to a report by Grand View Research, the global AI market is expected to grow from $39.9 billion in 2021 to $309.6 billion by 2030. This represents a compound annual growth rate (CAGR) of 30.6%.

Future Valuations

Based on the market trends and AI growth, analysts are predicting that Nvidia's stock price will continue to grow in the coming years. In a recent report, Deutsche Bank analyst Sidney Ho raised his price target on Nvidia to $550, up from $425 previously.

Ho cited the company's strong position in the gaming and AI markets as reasons for his optimism. He also noted that Nvidia is well-positioned to benefit from the growing trend of cloud gaming.

Other analysts are also bullish on Nvidia's stock. In a recent report, Goldman Sachs analyst Mark Delaney raised his price target on Nvidia to $450, up from $400 previously.

Delaney cited the company's strong financial performance and its leadership in the AI market as reasons for his optimism. He also noted that Nvidia is well-positioned to benefit from the growing trend of cloud gaming.