NVIDIA Corporation (NVDA) : 19 analysts are covering NVIDIA Corporation (NVDA) and their average rating on the stock is 2.11, which is read as a Buy. 10 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 2, which recommends a 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 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
NVIDIA Corporation (NVDA) stock is expected to deviate a maximum of $12.41 from the average target price of $51.73 for the short term period. 13 Street Experts have initiated coverage on the stock with the most promising target being $69 and the most muted being $30.
Company shares have received an average consensus rating of Hold for the current week NVIDIA Corporation (NASDAQ:NVDA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $58.82 and $58.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.70, notching a gain of 2.03% for the day. The total traded volume was 17,026,556 . The stock had closed at $58.51 on the previous day.
In a related news, The director officer (President and CEO), of Nvidia Corp, Huang Jen Hsun had unloaded 40,000 shares at $52.94 per share in a transaction on July 13, 2016. The total value of transaction was $2,117,600. 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.