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Here are the updated forecasts for Nvidia shares out to 2028

Here are the updated forecasts for Nvidia shares out to 2028

  • 22.03.2025 08:43
  • fool.co.uk
  • Keywords: AI, Growth

Analysts have upgraded Nvidia shares following its AI conference, highlighting growth driven by new chips like Blackwell Ultra and Rubin. Long-term forecasts predict strong earnings growth, with EPS projected to rise 47% this year and 120% by 2028, despite rising competition from Intel and AMD.

Nvidia ServicesNVDAsentiment_satisfiedJEFsentiment_satisfiedUBSsentiment_satisfiedJPMsentiment_satisfiedBAC/PNsentiment_satisfiedINTCsentiment_dissatisfiedAMDsentiment_dissatisfied

Estimated market influence

Nvidia

Nvidia

Positivesentiment_satisfied
Analyst rating: Strong buy

Nvidia's AI advancements and future chip releases are driving positive sentiment.

Jefferies

Jefferies

Positivesentiment_satisfied
Analyst rating: Buy

Upgraded their buy recommendation with a price target of $185, indicating confidence in Nvidia's short-term and long-term prospects.

UBS

UBS

Positivesentiment_satisfied
Analyst rating: Neutral

Reiterated its $185 target, showing continued support for Nvidia's stock price.

JP Morgan

JP Morgan

Positivesentiment_satisfied
Analyst rating: Buy

Set a price target of $170, reflecting optimism about Nvidia's growth potential.

Bank of America

Positivesentiment_satisfied
Analyst rating: —

Predicted a high price target of $200, indicating strong belief in Nvidia's future performance.

Intel

Intel

Negativesentiment_dissatisfied
Analyst rating: Neutral

Mentioned as a competitor to Nvidia, which could pose a threat to Nvidia's market position.

Advanced Micro Devices

Advanced Micro Devices

Negativesentiment_dissatisfied
Analyst rating: Buy

Highlighted as a competitor, suggesting potential future competition impacting Nvidia's growth.

Context

Analysis of Nvidia Share Forecasts (2028)

Broker Upgrades

  • Jefferies: Reiterated "Buy" with a price target of $185, implying a 55% gain. Highlighted Rubin Ultra (2027) as a key driver.
  • UBS: reiterated $185 target.
  • JP Morgan: Target of $170, still a 40% gain.
  • Bank of America: Predicted $200, with the most bearish at $125.

Longer-Term Fundamentals

  • EPS Growth:
    • 47% growth expected for this year.
    • 120% growth projected between January 2024 and January 2028.
  • P/E Ratio: Could drop to 18 by 2028 if forecasts are accurate.

Competitive Landscape

  • Threats:
    • Rising competition from Intel, AMD, and others.
    • Potential impact of export restrictions on AI technology to China.
    • Mentioned: China's progress in overtaking the U.S. in EV technology.

Market Sentiment

  • Despite risks, Nvidia shares are not seen as overpriced.
  • Bullish case for AI investors is strong.

Long-Term Effects

  • AI Workstations: More powerful systems expected to drive growth.
  • Robotics and AI Dreams: Potential future innovations highlighted at the conference.

Regulatory Impacts

  • Export restrictions on AI technology could influence market dynamics, though specifics are unclear.