Update on Peak Price Targets for AVGO, META, AMZN and NVDA (made on March 12, 2024)

The following peak price projections from myself came from March 12, 2024.  Since then, both AVGO and NVDA had 10:1 splits, so we will use the split adjusted prices for these.

AVGO had a much more impressive surge than even I thought was possible after it's Q2 earnings report with the stock price reaching a high of $1,851/share in June.  Given it was at $1,307/sh on March 12th, that is a 42% increase.  I projected AVGO to reach at least $1,475/sh so I consider this a score although I was underdone in my expectations from this outperforming great company. At the market close today (November 7, 2024), AVGO closed at $183.81/share.  Pre-split (10:1), it would have been $1,830/share.  Either way, AVGO continues to be my favorite company in the S&P 500 and one of the best run businesses on the planet, hands-down.  At $183.81/share, AVGO is likely overvalued so one would be paying a premium if they started buying shares right now.  That said, I think AVGO hits $200/share or more before Dec 31st, 2024 which would be another 9.3% increase in share price. 


META is starting to approach my projection of a peak price of $625/sh in 2024, with a closing price of $591.70 on Nov 7, 2024.  Also, note that META hit $602/share on October 7, 2024 intraday.    


AMZN is closing in on my peak 2024 price of $225/share.  The stock price hit $212/sh intraday today, November 7, 2024.  I am confident that AMZN will reach or exceed $225/share by Dec 31, 2024, regardless of Jeff Bezos selling millions of shares.  The company is too big and strong for even Bezos to impact in the long run.    


For NVDA, I predicted a peak price target of $1,000/sh which was well before the announced 10:1 stock split.  As of market close today, Nov 7th, NVDA was at $148/sh (or the equivalent of $1480 pre-split).  Admittedly, a novice could have predicted NVDA to blow past $1,000/share this year!

As of November 7, 2024, I have gone two for four so far in peak target prices on the four stocks being reached or exceeded.  I am confident that AMZN will see $225/sh or higher and META will reach at least $625/share before December 31, 2024. 

Regarding the stocks in this article, I own shares of META, AMZN, AVGO but not NVDA.  I do own the YieldMax ETF: NVDY which does options tracking NVDA, so I do have indirect exposure to NVDA. 

Best wishes to all investors.

Sources: 

Comments

Post a Comment

Popular posts from this blog

AMAT (Applied Materials) is Trading at near Fair Valuation for those in Search of a Great Semiconductor Company!

Image
This morning, August 25th, 2025, I purchased a small amount of shares of AMAT.  The Fastgraphs chart below shows that the stock is trading at near fair valuation.  Thus, we have a great semiconductor company trading at near fair valuation.  If the stock falls more, I will add to my share count and dollar cost average down.     Here is a screen shot of the past 13 year performance of AMAT versus the S&P500:  Notice on the 13-year performance screen shot that with dividends reinvested, a $10,000 investment in October 2012 would be worth $184,000 today versus $56,000 for the S&P500.  AMAT had a compound growth of 25.51% versus a respectable 14.51% on the S&P500.  AMAT's dividend growth rate and compound dividend growth rate were 13-14% which is solid.   I am always in search of great companies that are trading at a fair valuation that have a history of thrashing the S&P500.  They can be difficult to find bu...
Read more

Updated Price Targets for Amazon (AMZN) through 2027

Image
    Although Amazon (AMZN) is minus 1% YTD in 2025 as of close on 6/26/2025, it's 1-year performance was +12.14% and 5-year performance was +61.26%, nothing too glamorous.  Individual investor gains or losses will, of course, depend on what price(s) they bought shares at.  Valuation is hugely important when it comes to investment gains/losses.   When valuating Amazon, the Adjusted Operating Earnings (a metric used for most stocks) does not typically correlate well historically with the stock price.    AMZN:  Price Correlated with Adjusted Operating Earnings       Instead, a more reliable valuation metric is the price correlated with operating cash flow (OCF) seen in the chart below:  AMZN:  Price Correlated with Operating Cash Flow (OCF)       Since December 2022, the stock price has been following closer to the black line (current valuation), as opposed to the Normal P/OCF (blue line) or the Fair Valu...
Read more

A Few Excellent Stocks Trading at or Near Fair Valuation that are Worth Adding to Positions.... [AMZN, AMAT, NVDA]

Image
 I will be adding modestly to my current positions in the following stocks that are trading near fair valuation that have strong growth projections:  Amazon [AMZN], Applied Materials [AMAT], and Nvidia [NVDA].   My goal is to buy high quality growth stocks (especially tech/AI related) at a reasonable price that have significant upside potential over the next 2-5 years and longer.  Regarding Amazon, here is a 10 year chart of it's performance with analyst projections through FY2027:  The black trace is the history of the stock price up to the present.  The price has generally been following the black "current valuation" line pretty well.  The red line is a projection for the next two years given the stock price continues to follow the "current valuation" line.  It shows potential for the stock to hit $365/sh by the end of 2027.  This is very close to the numbers from my June 27, 2025 article on AMZN.  This would represent a total ret...
Read more