Hold on to your gaming rigs, Nvidia fans! Jefferies analysts are feeling optimistic about the chipmaker's future, raising their price target for the stock. J

Nvidia Stock: Jefferies Bullish, Raises Price Target


blog post cover photo

Image credit: Jamie Street

Hold on to your gaming rigs, Nvidia fans! Jefferies analysts are feeling optimistic about the chipmaker's future, raising their price target for the stock.

Jefferies Goes Big on Nvidia:

  • Analysts at Jefferies bumped their price target for Nvidia (NVDA) from $135 to $150 per share, reflecting a bullish outlook.
  • This upgrade follows a recent trip to Asia, where Jefferies observed a significant increase in chip production capacity planned for Nvidia.
  • The analysts believe Nvidia is well-positioned to capitalize on the growing demand for artificial intelligence (AI) and data center technologies.
  • Their optimism extends beyond Nvidia itself, suggesting positive spillover effects for companies like Marvell (MRVL) that collaborate within the AI ecosystem.

Reasons for Optimism:

  • Increased chip production capacity suggests Nvidia is gearing up to meet anticipated demand for its next-generation GB200 NVL platform.
  • Jefferies revised their estimates for GB200 NVL unit sales upwards, reflecting strong potential.
  • The analysts see Nvidia as a dominant force in the AI space, influencing the fortunes of related companies.

DEMA: Sharpen Your Nvidia Analysis

While analyst opinions are valuable, conducting your own research is crucial. Consider incorporating the Double Exponential Moving Average (DEMA) into your technical analysis of Nvidia stock. The DEMA helps smooth out price fluctuations, potentially revealing clearer trends.

Unlock the Power of DEMA with FMP's API:

Financial Modeling Prep DEMA API Documentation

Will Nvidia reach Jefferies' target? Do your own research and stay ahead of the curve!

Other Blogs

Nov 25, 2023 6:39 AM - Parth Sanghvi

DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method

Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...

blog post title

Dec 23, 2023 2:19 AM - Parth Sanghvi

Understanding the Limitations of DCF Analysis: A Guide to Overcoming Challenges

Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...

blog post title

Dec 25, 2023 2:28 AM - Parth Sanghvi

Integrating Sustainability into Valuations: Navigating ESG Factors within the Discounted Cash Flow (DCF) Model

Introduction: The investment landscape is undergoing a profound shift with a heightened emphasis on sustainability and responsible investing. In this blog post, we explore the intersection of Environmental, Social, and Governance (ESG) considerations within the Discounted Cash Flow (DCF) model, h...

blog post title


Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
2017-2024 © Financial Modeling Prep