Therefore, Nvidia looks like an exciting stock to buy in Q3 2021 ahead of its impressive growth story. The company’s earnings growth forecast for this year of about 52.50% prices the stock at an even more exciting forward P/E ratio of just 10.85.Īnalysts also expect the company’s bottom line to grow at a compounded annual growth rate of 26.84 for the next five years, making NVDA an attractive stock to growth investors. Nvidia trades at an attractive trailing P/E ratio of 22.26, making it a compelling investment opportunity for value investors. Although Nvidia failed to post gains on the first day of trading at the split-adjusted price, the company’s current valuation multiples suggest now could be a perfect time to invest in NVDA shares. Stock splits often trigger significant rallies in the stock price. The company has now accumulated a net gain of 42.25% since the start of the year.ĭespite the year-to-date gains of more than 40%, Nvidia looks significantly undervalued based on price-earnings ratios and earnings growth expectations for the year and the next five years. However, NVDA pulled back more than 8% last week as investors started to take profits off the split-driven rally. The company announced a 4-for-1 split in May, sparking a significant rally in the stock price.
Nvidia Corporation ( NASDAQ:NVDA) shares edged slightly lower on the first day of trading at the new split-adjusted price.
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