Several brokerages have updated their recommendations and price targets on shares of NVIDIA Corporation (NASDAQ: NVDA) in the last few weeks:

  • 7/17/2017 – NVIDIA Corporation had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $155.00 price target on the stock.
  • 7/13/2017 – NVIDIA Corporation had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $175.00 price target on the stock.
  • 7/12/2017 – NVIDIA Corporation was upgraded by analysts at SunTrust Banks, Inc. from a “hold” rating to a “buy” rating. They now have a $177.00 price target on the stock, up previously from $155.88.
  • 7/11/2017 – NVIDIA Corporation was upgraded by analysts at Jefferies Group LLC to a “buy” rating.
  • 7/11/2017 – NVIDIA Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $169.00 price target on the stock. According to Zacks, “A look at NVIDIA’s one year price performance shows that the company has outperformed the Semiconductor-General industry, thanks to the company’s positive record of earnings surprises in the recent quarters. NVIDIA’s sustained efforts toward attaining robust position in several emerging industries such as Artificial Intelligence (AI), deep learning and driverless cars industry, makes us optimistic about its growth prospect. NVIDIA’s innovative product pipeline and strength in gaming and high-end notebook GPUs remain the positives. The company’s focus on GRID platforms can increase GPU adoption in data centers, giving it an advantage against its competitors. On the flip side, a cautious forward-looking prospect of the PC industry, made by the research firms IDC and Gartner remains headwind. Both firms agreed that the recent surge in DRAM prices and short supply of SSD will lead to an increase in PC prices.”
  • 7/11/2017 – NVIDIA Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/11/2017 – NVIDIA Corporation was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $174.02 price target on the stock.
  • 7/10/2017 – NVIDIA Corporation was downgraded by analysts at Jefferies Group LLC from a “buy” rating to an “underperform” rating. They now have a $180.00 price target on the stock, up previously from $140.00.
  • 7/10/2017 – NVIDIA Corporation had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $200.00 price target on the stock, up previously from $130.00. They wrote, “We are increasing our price target to $200 (from $130) owing to our higher conviction that the Toyota-NVDA announcement will generate meaningful revenue over the next 24 months. Our meetings with Toyota confirm that it has aggressive plans to deploy Level 2 Advanced systems in mass market in the U.S. and Japan over the next 2.5 years. All of these systems will be on NVDA’s Drive PX Xavier platform. From this deal alone, assuming ASPs of $200, we calculate $1-1.7B of incremental sales, or $0.35-0.65 EPS.””
  • 7/6/2017 – NVIDIA Corporation had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $185.00 price target on the stock.
  • 7/5/2017 – NVIDIA Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/3/2017 – NVIDIA Corporation had its “neutral” rating reaffirmed by analysts at Susquehanna Bancshares Inc.
  • 6/28/2017 – NVIDIA Corporation had its price target raised by analysts at Susquehanna Bancshares Inc from $145.00 to $170.00. They now have a “positive” rating on the stock.
  • 6/28/2017 – NVIDIA Corporation had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $170.00 price target on the stock, up previously from $145.00.
  • 6/28/2017 – NVIDIA Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/27/2017 – NVIDIA Corporation had its “underperform” rating reaffirmed by analysts at Wells Fargo & Company.
  • 6/22/2017 – NVIDIA Corporation had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $175.00 price target on the stock.
  • 6/21/2017 – NVIDIA Corporation had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $185.00 price target on the stock.
  • 6/20/2017 – NVIDIA Corporation had its “market perform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 6/16/2017 – NVIDIA Corporation had its “outperform” rating reaffirmed by analysts at Raymond James Financial, Inc.. They now have a $175.00 price target on the stock.
  • 6/16/2017 – NVIDIA Corporation was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/14/2017 – NVIDIA Corporation had its “buy” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The). They now have a $171.00 price target on the stock, up previously from $165.00.
  • 6/12/2017 – NVIDIA Corporation was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $174.03 price target on the stock.
  • 6/12/2017 – NVIDIA Corporation had its price target raised by analysts at Royal Bank Of Canada from $150.00 to $175.00. They now have an “outperform” rating on the stock.
  • 6/9/2017 – NVIDIA Corporation had its price target raised by analysts at Argus from $140.00 to $175.00. They now have a “buy” rating on the stock.
  • 6/9/2017 – NVIDIA Corporation had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $185.00 price target on the stock, up previously from $155.00.
  • 6/9/2017 – NVIDIA Corporation had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $168.00 price target on the stock, up previously from $148.00.
  • 6/8/2017 – NVIDIA Corporation had its price target raised by analysts at Citigroup Inc. from $145.00 to $180.00. They now have a “buy” rating on the stock.
  • 6/3/2017 – NVIDIA Corporation had its “buy” rating reaffirmed by analysts at Canaccord Genuity.
  • 6/2/2017 – NVIDIA Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $140.00 price target on the stock.
  • 5/31/2017 – NVIDIA Corporation had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada.
  • 5/31/2017 – NVIDIA Corporation was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $150.86 price target on the stock.
  • 5/30/2017 – NVIDIA Corporation had its “buy” rating reaffirmed by analysts at Citigroup Inc..
  • 5/30/2017 – NVIDIA Corporation was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $150.25 price target on the stock.
  • 5/25/2017 – NVIDIA Corporation was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $143.94 price target on the stock.
  • 5/23/2017 – NVIDIA Corporation was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $142.10 price target on the stock.
  • 5/22/2017 – NVIDIA Corporation had its price target raised by analysts at Bank of America Corporation from $138.00 to $155.00. They now have a “buy” rating on the stock.
  • 5/22/2017 – NVIDIA Corporation had its “neutral” rating reaffirmed by analysts at Roth Capital. They now have a $110.00 price target on the stock.
  • 5/19/2017 – NVIDIA Corporation had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $140.00 price target on the stock.
  • 5/19/2017 – NVIDIA Corporation had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $148.00 price target on the stock, up previously from $135.00.

Shares of NVIDIA Corporation (NASDAQ:NVDA) opened at 164.25 on Tuesday. The firm’s 50-day moving average price is $145.38 and its 200 day moving average price is $115.28. The firm has a market cap of $97.73 billion, a P/E ratio of 55.14 and a beta of 1.23. NVIDIA Corporation has a 12-month low of $51.84 and a 12-month high of $168.50.

NVIDIA Corporation (NASDAQ:NVDA) last issued its earnings results on Tuesday, May 9th. The computer hardware maker reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.16. NVIDIA Corporation had a return on equity of 36.40% and a net margin of 25.95%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the business earned $0.46 earnings per share. The company’s revenue was up 48.7% compared to the same quarter last year. On average, equities analysts expect that NVIDIA Corporation will post $3.09 earnings per share for the current fiscal year.

In other news, Director Tench Coxe sold 50,000 shares of NVIDIA Corporation stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $129.48, for a total transaction of $6,474,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Harvey C. Jones sold 100,000 shares of NVIDIA Corporation stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $150.29, for a total value of $15,029,000.00. Following the transaction, the director now owns 30,762 shares in the company, valued at approximately $4,623,220.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 622,282 shares of company stock worth $93,304,082. Company insiders own 5.17% of the company’s stock.

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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