NVIDIA (NASDAQ:NVDA) Price Target Raised to $245.00

by · The Cerbat Gem

NVIDIA (NASDAQ:NVDA – Get Free Report) had its target price upped by stock analysts at President Capital from $240.00 to $245.00 in a report issued on Friday,MarketScreener reports. The brokerage presently has a “buy” rating on the computer hardware maker’s stock. President Capital’s target price would indicate a potential upside of 37.65% from the stock’s current price.

Several other research firms also recently issued reports on NVDA. Susquehanna upped their price target on NVIDIA from $230.00 to $250.00 and gave the stock a “positive” rating in a research note on Thursday, November 20th. Arete increased their target price on shares of NVIDIA from $244.00 to $261.00 and gave the company a “buy” rating in a research note on Tuesday. Wolfe Research upped their target price on NVIDIA from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, November 20th. DZ Bank reiterated a “buy” rating on shares of NVIDIA in a research note on Thursday, November 20th. Finally, Citic Securities increased their price objective on NVIDIA from $237.00 to $242.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Five investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of “Buy” and an average target price of $258.30.

Get Our Latest Stock Report on NVDA

NVIDIA Trading Down 1.3%

Shares of NVIDIA stock traded down $2.27 during trading hours on Friday, hitting $177.99. The company’s stock had a trading volume of 25,901,344 shares, compared to its average volume of 225,718,828. NVIDIA has a 1-year low of $86.62 and a 1-year high of $212.19. The business has a fifty day moving average of $186.90 and a 200 day moving average of $169.81. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $4.33 trillion, a PE ratio of 50.65, a P/E/G ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA – Get Free Report) last released its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, topping the consensus estimate of $1.23 by $0.07. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The business had revenue of $57.01 billion during the quarter, compared to analyst estimates of $54.66 billion. During the same quarter in the prior year, the firm earned $0.81 earnings per share. The company’s quarterly revenue was up 62.5% on a year-over-year basis. NVIDIA has set its Q4 2026 guidance at EPS. As a group, equities analysts forecast that NVIDIA will post 2.77 EPS for the current year.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the transaction, the director owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Stevens sold 350,000 shares of the company’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the transaction, the director owned 7,399,803 shares in the company, valued at $1,305,251,251.17. This trade represents a 4.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 3,177,203 shares of company stock worth $570,171,004. Company insiders own 4.17% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Strategic Advocates LLC boosted its position in NVIDIA by 2.6% during the third quarter. Strategic Advocates LLC now owns 92,356 shares of the computer hardware maker’s stock valued at $17,232,000 after acquiring an additional 2,309 shares during the last quarter. Lantern Wealth Advisors LLC lifted its stake in NVIDIA by 21.4% during the 3rd quarter. Lantern Wealth Advisors LLC now owns 14,682 shares of the computer hardware maker’s stock valued at $2,739,000 after acquiring an additional 2,590 shares in the last quarter. Vermillion & White Wealth Management Group LLC lifted its position in shares of NVIDIA by 3.7% during the third quarter. Vermillion & White Wealth Management Group LLC now owns 2,107 shares of the computer hardware maker’s stock valued at $393,000 after purchasing an additional 75 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new stake in NVIDIA in the 3rd quarter worth about $3,939,000. Finally, LWM Advisory Services LLC lifted its holdings in NVIDIA by 1.2% during the third quarter. LWM Advisory Services LLC now owns 26,296 shares of the computer hardware maker’s stock valued at $4,902,000 after purchasing an additional 302 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Company Profile

(Get Free Report)

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

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