Nvidia (NASDAQ: NVDA) has been a top-performing stock in the market for over a year and a half. The semiconductor giant’s market capitalization has increased by $2.7 trillion since the AI boom began in late 2022 with the launch of ChatGPT. NVDA’s stock price has consistently exceeded analyst forecasts and reached new highs. In June, the company implemented a 10-for-1 stock split after shares rose above $1,200.

However, Nvidia’s performance has slowed down recently, and its shares have only increased by a modest 4.09% in the past 30 days. The current stock price is $125.38.

Despite concerns about a potential AI bubble and a predicted 98% crash, the consensus among Wall Street analysts remains bullish on NVDA stock. Out of 41 experts on the TipRanks platform, 37 rate it as a “strong buy,” while the remaining 4 are neutral. None of the analysts recommend selling.

The average price target for the next 12 months is relatively modest compared to Nvidia’s previous performance. Analysts expect the stock to rise by 8.47% to $136.49.

Rosenblatt Securities, however, forecasts a much larger upside of 58.94% with a 12-month target price of $200. On the other hand, experts at D.A. Davidson believe NVDA stock will experience a significant drop to $90 within the same time frame.

July’s rating revisions have been cautious, with Morgan Stanley predicting a slightly above-average upside to $144 and Bernstein settling for an even more cautious $130. New Street Research changed its position on July 7 from “buy” to “neutral.”

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In a year bursting with excitement for the leading semiconductor company, Nvidia (NASDAQ: NVDA), Monday, June 10 stood out as a momentous day as the company’s stock price plummeted by 90%, seemingly out of the blue. However, this drastic fall from over $1,000 to just over $100 was not a cause for alarm but rather a result of a 10-for-one stock split that was announced by the company in May.

While this decision may not have had as significant of an impact as it would have had in the past due to the prevalence of fractional stock ownership, it still provided a boost to Nvidia’s momentum. Analysts have continued to express optimism towards the blue-chip chipmaker, with some suggesting that it could soon account for between 10 and 15% of the S&P 500.

The general sentiment remains positive towards NVDA stock, with a majority of experts rating it as a ‘strong buy’ on the stock analysis platform TipRanks. Despite this, there is some caution in the air as analysts are wary of whether Nvidia can sustain the rapid growth it has experienced in recent months.

The 12-month price target for Nvidia currently stands at $122.69, just 1.49% above the current price. While some analysts have revised their price targets slightly lower, they still remain bullish on the stock’s potential. Overall, the forecasts for Nvidia stock remain optimistic, with expectations that it will continue to be a strong performer in the market.

Disclaimer: The information provided in this article should not be taken as investment advice. Investing in stocks carries risks, and individuals should carefully consider their options before making any investment decisions.