NVIDIA Corp. Given New $12.00 Price Target at RBC Capital (NVDA)
Analysts at RBC Capital reduced their price target on shares of NVIDIA Corp. (NASDAQ:NVDA) from $14.00 to $12.00 in a research report issued to clients and investors on Monday, Analyst Ratings Net reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price objective points to a potential downside of 19.03% from the stock’s previous close.
NVIDIA Corp. (NASDAQ:NVDA) traded down 2.85% during mid-day trading on Monday, hitting $14.82. 10,257,119 shares of the company’s stock traded hands. NVIDIA Corp. has a 52 week low of $11.15 and a 52 week high of $16.10. The stock has a 50-day moving average of $15.55 and a 200-day moving average of $14.66. The company has a market cap of $8.575 billion and a P/E ratio of 16.86.
NVIDIA Corp. (NASDAQ:NVDA) last announced its earnings results on Thursday, August 8th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.10. The company had revenue of $977.20 million for the quarter, compared to the consensus estimate of $976.43 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. Analysts expect that NVIDIA Corp. will post $0.71 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie downgraded shares of NVIDIA Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, October 11th. They now have a $14.00 price target on the stock, down previously from $15.00. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of NVIDIA Corp. in a research note to investors on Thursday, September 19th. They now have a $15.00 price target on the stock. Finally, analysts at Roth Capital raised their price target on shares of NVIDIA Corp. from $17.00 to $20.00 in a research note to investors on Thursday, September 19th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $15.15.
NVIDIA Corporation (NASDAQ:NVDA) is engaged in creating the graphics chips used in personal computers (PCs).
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