Price Target Update on NVIDIA Corporation (NASDAQ:NVDA)

NVIDIA Corporation (NASDAQ:NVDA) has been rated by 15 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $58 and the lowest price target forecast is $13. The average forecast of all the analysts is $42.07 and the expected standard deviation is $13.36.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Nomura, upgrades their rating on the shares of NVIDIA Corporation (NASDAQ:NVDA). Nomura has a Buy rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 13, 2016.

NVIDIA Corporation (NASDAQ:NVDA): stock turned positive on Thursday. Though the stock opened at $47.68, the bulls momentum made the stock top out at $48.54 level for the day. The stock recorded a low of $47.65 and closed the trading day at $48.49, in the green by 2.67%. The total traded volume for the day was 7,446,994. The stock had closed at $47.23 in the previous days trading.

The company shares have rallied 123.10% from its 1 Year high price. On Jun 20, 2016, the shares registered one year high at $48.17 and the one year low was seen on Jul 27, 2015. The 50-Day Moving Average price is $43.66 and the 200 Day Moving Average price is recorded at $35.15. On the companys insider trading activities, The director officer (President and CEO), of Nvidia Corp, Huang Jen Hsun had unloaded 40,000 shares at $46.49 per share in a transaction on June 10, 2016. The total value of transaction was $1,859,600. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

NVIDIA Corporation (NVIDIA) is engaged in visual computing, enabling individuals to interact with digital ideas, data and entertainment. The Company is engaged in creating NVIDIA-branded products and services, offering its processors to original equipment manufacturers (OEMs), and licensing its intellectual property. NVIDIA-branded products and services are visual computing platforms that address four markets: Gaming, Enterprise, High Performance Computing & Cloud, and Automotive. The Company operates in two segments: Graphics Processing Unit (GPU) and Tegra Processor. The Companys GPU product brands include GeForce for gamers; Quadro for designers; Tesla for researchers, learning and big-data analysts; and GRID for cloud-based visual computing users. The Companys Tegra processors are primarily designed to enable its branded platforms: DRIVE and SHIELD.

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