Nvdia stock price forecast short-term nvdia stock price forecast

Short-term nvdia stock price forecast remains bullish with call option volumes up 20%, suggesting traders expect significant upward moves within the next earnings cycle. Broadcom has a median target of $393 per share, implying 15% upside from the current price of $342. The technical and analyst trends are robust, and indicate a move to the $250 to $260 level, potentially higher if the subsequent earnings report and deal volume are bullish. Technically, this market is blowing past the initial targets set when it broke out of its trading range in June. The action since reveals that the range was a minor hiccup in a vigorous rally that has yet to play out. The price action in August and September reveals the true strength of this market, as the summer rally did not peak until it achieved a 100% price gain. Consensus nvdia stock price forecast sees 2024 revenue breaking $120B, marking unprecedented scale in semiconductor history.