Nvidia Stock Could Be Worth 185% More by 2030: Analysts

Nvidia's stock has been on a tear in recent years, and some analysts believe it could continue to grow significantly. The company's average annual gain over the past 15 years is 52%, which would have turned a single $10,000 investment into a stake worth $5.9 million (with dividends reinvested) or $5.4 million (without the reinvestment of dividends).

Looking ahead to 2030, analysts estimate that Nvidia's stock could gain around 185.6% over four years, assuming an annual growth rate of 30%. This would put a $10,000 investment into the company at current prices ($214 per share) worth about $28,560 by September 2030.

Nvidia's recent purchase of Hugging Face will give it access to a large developer ecosystem as competition in AI hardware increases. The company recently reported terrific second-quarter results, with revenue up 106% year over year to $96 billion, and revenue from data centers up 117% to $89 billion.

The stock seems undervalued, trading at a forward price-to-earnings (P/E) ratio of 23, well below its five-year average of 34. However, it's worth noting that Nvidia shares could also plunge in the coming years due to unforeseen problems or market fluctuations.