NVIDIA Corporation (NVDA) Receives Price Target

NVIDIA Corporation (NVDA) : The highest level NVIDIA Corporation (NVDA) is projected to reach is $75 for the short term and the lowest estimate is at $43. The consolidated price target from 15 rating analysts who initiate coverage on the stock is $61.93 and the possibility the share price can swing is $11.69.

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.


Also, Brokerage firm Argus Research maintains its rating on NVIDIA Corporation (NASDAQ:NVDA). As per the latest information, the brokerage house raises the price target to $72 per share from a prior target of $54. The shares have been rated Buy. The rating by the firm was issued on August 15, 2016.

NVIDIA Corporation (NASDAQ:NVDA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $61.39 and $61.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $63.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $63.15, notching a gain of 2.95% for the day. The total traded volume was 10,712,305 . The stock had closed at $61.34 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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