At an estimated average cost of $135, I'm looking for a 2 year target of 33 times Jan 25 earnings of $6.5 = $215 or about 60% higher. I'll start accumulating in 20% increments below $150 given current market conditions after Powell's hawkish speech, the stock could tank to $120. Oppenheimer has a 'perform' rating for NVDA stock. NVDA also has an 11Bn auto pipeline over the next 5 years My revenue estimates for the next 2 years are as under. Bank of America has a 'buy' rating and 275 price target for Nvidia. The introduction of Hopper, besides additional revenues from its Mellanox acquisition will also contribute to revenues NVIDIA's CUDA software is a big competitive advantage and allows it to price its hardware much higher than competitors. The long term growth story is still intact owning this stock for the next 3-5 years will pay off very well.ĭata Data growth will remain strong - Data center overtook gaming for the 1st time in 2022 and should grow 53% YoY to $16.3Bn for FY Jan 2023, as Gaming drops 38% to $7.8Bn.Īs NVIDA clears out its bloated gaming inventory over the next 2 quarters, I except decent in gaming as well in FY 24 and FY 25, especially on what is now a lower base. As a result, NVDA's FY Jan 2023 EPS will be closer to $3.5, a huge drop over FY 2022. 3) Gaming inventory will take at least 2-3 quarters to clear. ($120 to $150) 1)The lack of Ethereum mining pounds GPU's used for mining - that market is gone 2) A crypto winter ensures used GPU cards being returned to the market, which will lead to sinking ASP's. These are the negatives that will create an opportunity to buy on declines. GameReady Buy Msi Nvidia Geforce Gtx 1060 Gaming X 6gb Video Card Gtx1060 Gaming X 6g from i-tech at the lowest price. I still believe in the long term $NVDA story.
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