Will Nvidia's share price break $555 in 2023?
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850Ṁ21kresolved Dec 30
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Current share price is 413.80$ (Nasdaq) and should increase by 31% to reach 555$.
The highest peak in closing share price was 493.51$ (Macrotrends) after record EPS (2.5) were announced in August (Nasdaq).
The next earnings release in November (Wall Street Horizon) could significantly affect stock price. With new high for EPS (3.01) expected (Nasdaq), the estimation for a peak could be (493.51$/2.5)*(3.01)=594$ far above the 555$ mark.
Furthermore, the median analyst expected price is currently 625$ (MarketWatch).
It is thus possible for the stock to surpass 555$ in 2023.
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