Nvidia Stock Could Surge to $350 in 2025, Analysts Predict
Nvidia, a leader in the semiconductor industry, has been one of the top-performing stocks of 2024, but it's currently facing some challenges.
Despite strong earnings and revenue in its Q3 FY 2025 report, released on November 20, the company’s stock price actually declined, which surprised many given its previous performance. This isn’t a case of poor performance on Nvidia’s part, but rather the result of the company’s overwhelming success, with some investors opting for profit-taking at high stock levels.
Nvidia’s stock has soared by over 200% so far this year, but growth has recently slowed. As of now, the stock is priced at $144.70, and only a small portion of the year’s gains have occurred in the past month. Concerns are emerging, particularly from institutional investors wary of a potential AI bubble and large-scale spending on AI technologies by major tech companies. However, some analysts believe that the slowdown is temporary and that Nvidia’s stock could see significant gains in the near future.
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One technical pattern suggests a potential surge in Nvidia’s stock price. Known as the “channel up” pattern, this indicates a bullish continuation and has been observed before with the company. The pattern, which began in late 2018, saw Nvidia’s stock rise from just $3.34 to over $33. The current setup, which started in October 2023, shows similarities, including a rebound from an oversold condition and support from key moving averages.
If this pattern holds, Nvidia’s stock could climb to as high as $350 by mid-2025, representing a more than 140% increase from current levels. More conservative price targets are set at $190 and $240, with potential gains of around 31% and 65%, respectively. While the $350 target might seem optimistic, some experts predict Nvidia could eventually reach $250, with the consensus target around $220.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
