NVIDIA Corp. PT Raised to $18.00 (NVDA)
Investment analysts at MKM Partners raised their price target on shares of NVIDIA Corp. (NASDAQ:NVDA) from $14.00 to $18.00 in a note issued to investors on Thursday, Analyst RN reports. The firm currently has a “neutral” rating on the stock. MKM Partners’ price target would indicate a potential upside of 9.62% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Evercore Partners upgraded shares of NVIDIA Corp. from an “underweight” rating to an “equal weight” rating in a research note on Thursday. They now have a $16.00 price target on the stock, up previously from $12.00. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of NVIDIA Corp. in a research note on Thursday. They now have a $21.00 price target on the stock, up previously from $16.13. Finally, analysts at Susquehanna reiterated a “neutral” rating on shares of NVIDIA Corp. in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. NVIDIA Corp. currently has an average rating of “Hold” and a consensus target price of $16.61.
NVIDIA Corp. (NASDAQ:NVDA) traded up 2.14% on Thursday, hitting $17.19. The stock had a trading volume of 12,119,820 shares. NVIDIA Corp. has a 52 week low of $12.04 and a 52 week high of $16.95. The stock’s 50-day moving average is $15.83 and its 200-day moving average is $15.43. The company has a market cap of $9.773 billion and a P/E ratio of 21.74.
NVIDIA Corp. (NASDAQ:NVDA) last announced its earnings results on Wednesday, February 12th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.14. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. On average, analysts predict that NVIDIA Corp. will post $0.73 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, March 20th. Stockholders of record on Thursday, February 27th will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 2.07%.
NVIDIA Corporation (NASDAQ:NVDA) is engaged in creating the graphics chips used in personal computers (PCs).
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