NVIDIA Corporation (NVDA) Receives ‘Analyst’ Rating

NVIDIA Corporation (NVDA) : 13 brokerage houses believe that NVIDIA Corporation (NVDA) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on NVIDIA Corporation (NVDA). Zacks Investment Research suggests a Strong Buy with a rank of 1. 2 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 22 Wall Street Analysts endorse the stock as a Buy with a rating of 1.95.

NVIDIA Corporation (NVDA) has been rated by 15 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $75 and the lowest price target forecast is $43. The average forecast of all the analysts is $61.93 and the expected standard deviation is $11.69.


Also, Equity Analysts at the Brokerage Firm, Argus Research, maintains their rating on the shares of NVIDIA Corporation (NASDAQ:NVDA). Argus Research has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $72 per share from a prior target of $54. The rating by the firm was issued on August 15, 2016.

NVIDIA Corporation (NASDAQ:NVDA): After opening at $60.5, the stock dipped to an intraday low of $60.36 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $62.76 and the buying power remained strong till the end. The stock closed at $62.69 for the day, a gain of 3.79% for the day session. The total traded volume was 12,884,799. The stocks close on the previous trading day was $60.4.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.