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NVIDIA (NASDAQ: NVDA) received a number of ratings updates from brokerages and research firms in the last week:

  • NVIDIA had its price target raised by analysts at UBS AG from $17.00 to $20.00. They now have a “buy” rating on the stock.
  • NVIDIA had its price target raised by analysts at Barclays from $13.00 to $15.00. They now have an “equal weight” rating on the stock.
  • NVIDIA had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $21.00 price target on the stock, up previously from $16.13.
  • NVIDIA had its price target raised by analysts at BMO Capital Markets to $15.00. They now have a “market perform” rating on the stock.
  • NVIDIA had its price target raised by analysts at RBC Capital from $12.00 to $18.00. They now have a “sector perform” rating on the stock.
  • NVIDIA had its price target raised by analysts at Jefferies Group to $18.00. They now have a “hold” rating on the stock.
  • NVIDIA had its price target raised by analysts at MKM Partners from $14.00 to $18.00. They now have a “neutral” rating on the stock.
  • NVIDIA had its “neutral” rating reaffirmed by analysts at Susquehanna.
  • NVIDIA was upgraded by analysts at Evercore Partners from an “underweight” rating to an “equal weight” rating. They now have a $16.00 price target on the stock, up previously from $12.00. They wrote, “NVIDIA continues to make progress in its growth drivers (auto, GRID, Tesla) while its core GPU business holds down the fort – especially during a choppy PC backdrop. We believe NVIDIA is headed in the right direction from a technology standpoint; however, the timing of revenue ramps (mostly 2015) and a rich valuation (22x FY16 EPS) keep us on the sidelines.”
  • NVIDIA was upgraded by analysts at B. Riley from a “neutral” rating to a “buy” rating. They now have a $21.00 price target on the stock, up previously from $14.00.

NVIDIA Co. (NASDAQ:NVDA) traded up 2.01% on Wednesday, hitting $18.26. The stock had a trading volume of 7,542,024 shares. NVIDIA Co. has a 52-week low of $12.04 and a 52-week high of $17.98. The stock has a 50-day moving average of $16.01 and a 200-day moving average of $15.51. The company has a market cap of $10.380 billion and a P/E ratio of 24.19.

NVIDIA Corporation (NASDAQ:NVDA) is engaged in creating the graphics chips used in personal computers (PCs).

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