NVIDIA shares fall to $190.01 despite a Street-high $500 price target and 85% revenue growth projections.
NVIDIA (NASDAQ:NVDA) closed at $190.01 after trading below $190 intraday, a 10.4% weekly decline. The stock’s pullback contrasts with a consensus price target of $302.83, implying 59% upside, while Baird’s Tristan Gerra sets a Street-high $500 call.
The company’s forward P/E of 22 aligns with 85% revenue growth and a 55% net margin, bolstering bullish sentiment. NVDA guided next-quarter revenue to $91.0 billion, up from $81.6 billion, yet shares have stagnated year-to-date despite strong fundamentals.
Semiconductor peers also retreated, with AMD and MRVL down 22% for the week, underscoring NVIDIA’s premium in the AI capex cycle. The S&P 500 fell 2.4% over the same period, amplifying sector-wide valuation concerns.