Short Term Price Target on NVIDIA Corporation (NVDA)

NVIDIA Corporation (NASDAQ:NVDA) : 14 Wall Street analysts covering NVIDIA Corporation (NASDAQ:NVDA) believe that the average level the stock could reach for the short term is $41.36. The maximum price target given is $58 and the minimum target for short term is around $13, hence the standard deviation is calculated at $13.56.

NVIDIA Corporation has dropped 3.05% in the last five trading days, however, the shares have posted positive gains of 0.43% in the last 4 weeks. NVIDIA Corporation is up 30.38% in the last 3-month period. Year-to-Date the stock performance stands at 43.52%. Also, Major Brokerage house, Nomura upgrades its ratings on NVIDIA Corporation (NASDAQ:NVDA). According to the latest information available, the shares are now rated Buy by the analysts at the agency. 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) : 10 brokerage houses believe that NVIDIA Corporation (NASDAQ:NVDA) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on NVIDIA Corporation (NASDAQ:NVDA). Zacks Investment Research suggests a Buy with a rank of 2. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 20 Wall Street Analysts endorse the stock as a Buy with a rating of 2.05.

NVIDIA Corporation (NASDAQ:NVDA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.73 and $46.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.01, notching a gain of 0.77% for the day. The total traded volume was 10,773,475 . The stock had closed at $46.65 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Seawell A Brooke, director of Nvidia Corp, had unloaded 5,142 shares at an average price of $47.01 in a transaction dated on June 16, 2016. The total value of the transaction was worth $241,725.

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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