NVIDIA Price Target 2022: Can the Company Rebound from Recent Lows?

The rapid growth of advanced gaming services, IoT and AI has led to an unprecedented demand for data centre capacity to handle internet traffic. This increased need has been powered by advanced semiconductor chips, driving up demand in the global chip manufacturing industry. The trend is evident, with the number of graphic chips companies soaring from 26 to 70 over the past three years.

NVIDIA (NVDA) has been a key player in this growth story, with its stock experiencing an impressive surge in value over the past two years. In 2020 and 2021, NVDA's stock gained 121.91% and 129.29%, respectively. However, the company's fortunes have taken a turn for the worse recently, with its stock price falling to a new low.

As of September 2nd, NVDA's stock has fallen by 53.26% year-to-date, dragging down its market capitalization to $347.31 billion. So, what does this recent decline mean for NVIDIA's stock predictions? A closer look at the technical view may provide some insights.

NVIDIA's stock price has been in a downward trend since January 2022, with multiple attempts to break through resistance levels failing. The company's RSI (Relative Strength Index) is currently oversold, indicating that the stock may be due for a rebound. However, the 200-day moving average remains below the current stock price, suggesting that there could be further declines ahead.

Analysts' expectations for NVDA's future performance vary widely. Some have set a price target of $250 per share, while others are more optimistic, predicting a recovery to $400 per share or higher. The company's next earnings report will likely provide some clarity on its prospects and the potential for a turnaround.

In conclusion, NVIDIA's recent decline has raised concerns about its future prospects. While the technical view suggests that the stock may be due for a rebound, analysts' expectations are mixed. As investors wait for the company's next earnings report, they may want to keep an eye on the 200-day moving average and the RSI to gauge the potential for a turnaround. Will NVDA be able to recover from its recent lows, or will the decline continue? Only time will tell.

Nvda price target 2022