A number of research firms have changed their ratings and price targets for NVIDIA Corporation (NASDAQ: NVDA):

  • 10/23/2017 – NVIDIA Corporation had its price target raised by analysts at Jefferies Group LLC from $180.00 to $230.00. They now have a “buy” rating on the stock.
  • 10/16/2017 – NVIDIA Corporation had its “positive” rating reaffirmed by analysts at Mizuho. They now have a $220.00 price target on the stock, up previously from $180.00.
  • 10/13/2017 – NVIDIA Corporation had its price target raised by analysts at Needham & Company LLC from $200.00 to $250.00. They now have a “buy” rating on the stock.
  • 10/12/2017 – NVIDIA Corporation had its price target raised by analysts at Royal Bank Of Canada from $205.00 to $220.00. They now have an “outperform” rating on the stock.
  • 10/12/2017 – NVIDIA Corporation was given a new $210.00 price target on by analysts at Bank of America Corporation. They now have a “buy” rating on the stock.
  • 10/11/2017 – NVIDIA Corporation had its price target raised by analysts at Goldman Sachs Group, Inc. (The) from $193.00 to $217.00. They now have a “buy” rating on the stock.
  • 10/10/2017 – NVIDIA Corporation had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $200.00 price target on the stock.
  • 10/10/2017 – NVIDIA Corporation was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $196.86 price target on the stock.
  • 10/5/2017 – NVIDIA Corporation had its price target raised by analysts at Loop Capital from $181.00 to $205.00. They now have a “buy” rating on the stock.
  • 10/4/2017 – NVIDIA Corporation had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $200.00 price target on the stock, up previously from $140.00.
  • 10/4/2017 – NVIDIA Corporation was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $187.73 price target on the stock.
  • 10/2/2017 – NVIDIA Corporation had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $200.00 price target on the stock, up previously from $181.00.
  • 9/29/2017 – NVIDIA Corporation had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $210.00 price target on the stock, up previously from $185.00.
  • 9/28/2017 – NVIDIA Corporation had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $200.00 price target on the stock. They wrote, “NVDA is down ~6% over the past week in part due to the announcement from Tesla that it will source future infotainment chips from Intel as well as the rumor that the company could be designing an AI chip for self-driving applications in house via a partnership with AMD.””
  • 9/25/2017 – NVIDIA Corporation was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $186.34 price target on the stock.
  • 9/25/2017 – NVIDIA Corporation had its “buy” rating reaffirmed by analysts at Mizuho.
  • 9/23/2017 – NVIDIA Corporation had its “outperform” rating reaffirmed by analysts at Sanford C. Bernstein.
  • 9/23/2017 – NVIDIA Corporation had its “buy” rating reaffirmed by analysts at Craig Hallum. They now have a $200.00 price target on the stock.
  • 9/21/2017 – NVIDIA Corporation had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $200.00 price target on the stock. They wrote, “We believe the development has potential to be a modest fundamental and psychological negative for NVDA in the intermediate-term, though believe the company remains the dominant autopilot solutions provider with a substantial competitive moat and very strong developer momentum. More specifically, we would be surprised if TSLA moved to an internal solution in the next year or perhaps two, so NVDA C17&18 Auto Platform estimates seem to have little risk. Further, we remind investors NVDA’s year-to-date autopilot partnership announcements with Mercedes-Benz, Toyota, Volkswagen’s Audi group and Volvo. We expect additional auto manufacturer partnerships will be struck later in 2017 and 2018, and as that happens expect non-recurring engineering (NRE) revenue will accelerate into C18.””
  • 9/18/2017 – NVIDIA Corporation was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $179.35 price target on the stock.
  • 9/18/2017 – NVIDIA Corporation had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $205.00 price target on the stock, up previously from $175.00.
  • 9/15/2017 – NVIDIA Corporation had its price target raised by analysts at Evercore ISI from $180.00 to $250.00. They now have an “outperform” rating on the stock.
  • 9/14/2017 – NVIDIA Corporation had its price target raised by analysts at Susquehanna Bancshares Inc from $140.00 to $155.00. They now have a “neutral” rating on the stock.
  • 9/12/2017 – NVIDIA Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $180.00 price target on the stock.
  • 9/8/2017 – NVIDIA Corporation had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $190.00 price target on the stock.
  • 9/6/2017 – NVIDIA Corporation was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $176.95 price target on the stock.
  • 8/31/2017 – NVIDIA Corporation had its “outperform” rating reaffirmed by analysts at Credit Suisse Group.
  • 8/31/2017 – NVIDIA Corporation was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $172.54 price target on the stock.
  • 8/28/2017 – NVIDIA Corporation was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $171.55 price target on the stock.
  • 8/24/2017 – NVIDIA Corporation was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $171.46 price target on the stock.
  • 8/24/2017 – NVIDIA Corporation had its “buy” rating reaffirmed by analysts at Tigress Financial.
  • 8/24/2017 – NVIDIA Corporation had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada.

Shares of NVIDIA Corporation (NVDA) traded up 0.35% during mid-day trading on Monday, reaching $197.59. 3,865,227 shares of the company’s stock traded hands. The stock has a market capitalization of $118.55 billion, a PE ratio of 56.83 and a beta of 1.28. NVIDIA Corporation has a 12-month low of $66.57 and a 12-month high of $199.59. The company’s 50-day moving average price is $180.71 and its 200-day moving average price is $151.51.

NVIDIA Corporation (NASDAQ:NVDA) last posted its quarterly earnings results on Thursday, August 10th. The computer hardware maker reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.32. NVIDIA Corporation had a net margin of 27.41% and a return on equity of 39.59%. The business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the prior year, the company posted $0.53 EPS. The business’s revenue for the quarter was up 56.2% on a year-over-year basis. Analysts anticipate that NVIDIA Corporation will post $3.63 earnings per share for the current year.

In related news, Director Tench Coxe sold 50,000 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $189.62, for a total transaction of $9,481,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Byron sold 409 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $171.01, for a total transaction of $69,943.09. Following the transaction, the insider now directly owns 136,199 shares of the company’s stock, valued at approximately $23,291,390.99. The disclosure for this sale can be found here. In the last three months, insiders sold 452,784 shares of company stock valued at $81,437,724. Corporate insiders own 5.82% 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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