Analyst Rating Update on NVIDIA Corporation (NVDA)

NVIDIA Corporation (NVDA) : 21 analysts are covering NVIDIA Corporation (NVDA) and their average rating on the stock is 2.1, which is read as a Buy. 11 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. NVIDIA Corporation (NVDA) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

NVIDIA Corporation (NVDA) has been rated by 14 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $65 and the lowest price target forecast is $24. The average forecast of all the analysts is $45.54 and the expected standard deviation is $12.59.

Company shares have received an average consensus rating of Hold for the current week Also, Mizuho Securities initiates coverage on NVIDIA Corporation (NASDAQ:NVDA) . The global brokerage major announces a current price target of $60 per share. Analysts at the Mizuho Securities have a current rating of Buy on the shares. The rating by the firm was issued on July 15, 2016.


NVIDIA Corporation (NASDAQ:NVDA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $55.97 and $55.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $56.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $56.19, notching a gain of 0.27% for the day. The total traded volume was 7,491,905 . The stock had closed at $56.04 on the previous day.

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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