CNBC analyst Jim Cramer advised buying Nvidia (NVDA) stock, stating the company’s intact roadmap signals a buying opportunity. He cited the stock’s current price of $196 and a P/E ratio of 22 as cheap, highlighting strong growth potential. The analyst consensus shows a 12-month target price of approximately $305, representing a 54% potential upside from current levels.
CNBC analyst Jim Cramer recently advised viewers to buy Nvidia stock. He discussed the company’s latest guidance in a social media post, saying, “Nvidia says its roadmap is intact. That, to me, means buy.”
Cramer highlighted Nvidia’s strong market position and growth potential as key reasons for his recommendation. He explained that the stock’s recent slump presents a solid buy opportunity, noting, “The stock sells at an incredibly cheap 22 times earnings.”
The consensus 12-month Nvidia target price sits at roughly $305. Over 90% of covering firms carry a Buy or Strong Buy rating, with targets ranging from $180 up to $500.
Nvidia stock is up just 4.4% so far this year, a contrast to competitors like AMD and Intel. The company expects its new Vera CPU platform to generate close to $20 billion this year.
This figure shows how far the company has pushed its footprint as an AI semiconductor stock. It feeds directly into the prediction that earnings could grow 90.2% in fiscal 2027.
