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That crushed Wall Street's forecast of $28.7 billion. The result included $26.3 billion in data center revenue alone, which represented 154% growth thanks primarily to GPU sales. ... Nvidia stock ...
Based on Nvidia's trailing-12-month earnings per share of $2.62, its stock trades at a price-to-earnings ratio (P/E) of 54.2. That's actually a discount to its average P/E of 58.6 over the last 10 ...
The stock's median 12-month price target of $150 -- as per 64 analysts who cover Nvidia -- indicates that there isn't much upside on offer as it points toward gains of just 9% from current levels.
Stock buybacks could boost the price In August, Nvidia announced its board approved $50 billion in additional stock buybacks after it had already repurchased $15.1 billion during Q1 and Q2.
However, Nvidia's average P/E ratio over the last 10 years is 58.6, so you could argue that the stock is actually cheap right now. NVDA PE Ratio Chart NVDA PE Ratio data by YCharts.
Assuming that the company trades at 40.8 times earnings at that time (in line with its five-year average forward earnings multiple), its stock price could hit $226 in a couple of years. That would ...