Nvda stock forecast 20232/12/2023 ![]() After all, PC-market weakness isn’t a secret, and the markets are quite efficient. While Rolland’s point about PC-industry pressure is duly noted, it’s also most likely priced into NVDA stock by now. The Market’s Pessimism Could Be a Setup for a Great Quarter Naturally, this should dent Nvidia’s top and bottom lines to a certain extent. That’s a fair point, as Rolland expects PC-industry shipments to fall 17% this year, which is worse than his previous prediction of an 11% decline. Rolland’s “checks indicate PC-market weakness may be extending beyond consumer and into enterprise.” Consequently, Susquehanna reduced the firm’s share-price prediction for Nvidia and its peers to reflect a “new PC-shipment forecast and weakening PC-industry checks.” Apparently, his primary reason is simple: The PC market isn’t doing well. ![]() Thus, as Susquehanna analyst Christopher Rolland just cut his price target on NVDA stock from $190 to $180, investors should want to know why. That said, it’s instructive to consider their stated reasons for lowering their share-price forecasts. ![]() When stocks decline precipitously, it’s normal for analysts to reduce their price targets. ![]()
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