DA Davidson Boosts NVIDIA (NASDAQ:NVDA) Price Target to $135.00

NVIDIA (NASDAQ:NVDA) had its price objective increased by research analysts at DA Davidson from $120.00 to $135.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the computer hardware maker’s stock. DA Davidson’s target price indicates a potential upside of 0.54% from the stock’s current price. DA Davidson also issued estimates for NVIDIA’s Q2 2026 earnings at $0.94 EPS and FY2026 earnings at $3.72 EPS.

Other equities analysts have also recently issued research reports about the company. Needham & Company LLC restated a “buy” rating and issued a $160.00 price target on shares of NVIDIA in a research report on Thursday. Piper Sandler restated an “overweight” rating and issued a $180.00 price target (up previously from $150.00) on shares of NVIDIA in a research report on Wednesday. Mizuho dropped their price target on NVIDIA from $175.00 to $168.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. UBS Group restated a “buy” rating on shares of NVIDIA in a research report on Friday, May 23rd. Finally, William Blair reiterated an “outperform” rating on shares of NVIDIA in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.66.

NVIDIA Stock Performance

Shares of NVDA stock opened at $134.28 on Thursday. The stock has a market capitalization of $3.28 trillion, a PE ratio of 52.85, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. NVIDIA has a 52-week low of $86.62 and a 52-week high of $195.95. The stock’s 50-day moving average price is $115.48 and its 200 day moving average price is $126.52. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business’s revenue was up 69.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 EPS. As a group, equities research analysts forecast that NVIDIA will post 2.77 EPS for the current year.

Insiders Place Their Bets

In other news, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Colette Kress sold 66,660 shares of the company’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the sale, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95. The trade was a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock valued at $17,133,207 in the last quarter. 4.17% of the stock is currently owned by company insiders.

Institutional Trading of NVIDIA

A number of institutional investors and hedge funds have recently made changes to their positions in NVDA. FMR LLC increased its holdings in NVIDIA by 0.7% in the 4th quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker’s stock valued at $134,877,735,000 after purchasing an additional 6,665,252 shares in the last quarter. Geode Capital Management LLC increased its holdings in NVIDIA by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker’s stock valued at $74,439,273,000 after purchasing an additional 9,468,786 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in NVIDIA by 0.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker’s stock valued at $55,237,367,000 after purchasing an additional 3,721,331 shares in the last quarter. Norges Bank acquired a new stake in NVIDIA in the 4th quarter valued at $43,515,504,000. Finally, Northern Trust Corp increased its holdings in NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker’s stock valued at $35,782,134,000 after purchasing an additional 36,266,817 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.