Nvidia soars on upgrade potential, Tesla dips after price target cut

2025-03-13 general

New York, Thursday, 13 March 2025.
Wall Street analysts are showing increased confidence in Nvidia. Upgrades may be coming. The average 12-month price target for Nvidia is $171.69, with some analysts forecasting as high as $220. Tesla, however, faces headwinds. JP Morgan reduced its price target. They cited concerns about Elon Musk. The investment bank forecasts Tesla falling nearly 48% from Tuesday’s close. These calls highlight the contrasting outlooks within the technology sector.

Nvidia’s positive outlook

Nvidia’s stock currently trades around $116.00 [3]. The consensus from 42 Wall Street analysts suggests a ‘Moderate Buy’ rating [3]. This is based on ratings from the last 12 months [3]. Of these analysts, 37 recommend a buy [3]. Two analysts recommend a strong buy [3]. Only three analysts suggest holding the stock [3]. The average price target indicates a potential upside of 48.01% [3]. The stock had two upgrades and one downgrade over the past 90 days [3].

Analyst price targets for Nvidia

The average Nvidia stock price target is $179.97 [5]. The maximum estimate reaches $220.00, while the minimum is $130.00 [5]. Citi analysts have reiterated a Buy rating with a $163 price target [7]. Nvidia’s GPU Technology Conference (GTC) is scheduled for next week [7]. CEO Jensen Huang will deliver a keynote on March 18 [7]. A financial analyst Q&A session will follow on March 19 [7]. These events could provide further insights into the company’s prospects [7].

Tesla’s challenges

JPMorgan anticipates Tesla’s stock could decline nearly 48% from Tuesday’s closing price [2]. This projection stems from increasing controversy surrounding CEO Elon Musk [2]. Broadcom’s optimistic forecast, driven by increased AI chip production, has positively influenced Nvidia’s market performance [7]. This contrasts with the concerns surrounding Tesla [7]. These concerns are driven by JP Morgan’s price target cut [1][2].

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