This article first appeared on GuruFocus.
Nvidia shares have fallen about 10% in November as investors reassess rich artificial-intelligence valuations and watch competitive moves from Alphabet (GOOGL).
The stock edged up 1% in regular trading on Wednesday but slipped about 0.3% after hours, pointing to a cautious open when U.S. markets return after the Thanksgiving break.
Despite the pullback, most Wall Street analysts remain constructive. GuruFocus data show the vast majority of covering analysts still rate the shares Buy, with an average price target that implies potential upside from recent levels.
Mizuho’s Vijay Rakesh said demand for Nvidia’s graphics processing units appears resilient, citing strong order trends. He added that the company’s latest Blackwell processors are fully allocated and reiterated an Outperform rating with a $245 target.
Investors have also focused on Alphabet’s custom-chip efforts, which some see as a longer-term competitive risk.
For now, many analysts frame the selloff as a possible entry point ahead of the holiday period.
Based on the one year price targets offered by 56 analysts, the average target price for NVIDIA Corp is $250.57 with a high estimate of $432.78 and a low estimate of $138.00. The average target implies a upside of +39.01% from the current price of $180.26.
Based on the consensus recommendation from 65 brokerage firms, NVIDIA Corp’s (NASDAQ:NVDA) average brokerage recommendation is currently 1.8, indicating a “Outperform” status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
