Nvidia Corporation (NASDAQ:NVDA) Has Just Had Its Target Increased by Research Analysts at Nomura to $35.00


Stock Analysis:Nvidia Corporation (NASDAQ:NVDA) Stock Target Increased

In an analyst note issued to clients by Nomura on Friday, 4 December, Nvidia Corporation (NASDAQ:NVDA) had its price target boosted to $35.00. The firm currently has a solid “Neutral” rating on shares.

From a total of 26 analysts covering Nvidia Corporation (NASDAQ:NVDA) stock, 11 rate it a ”Buy”, 2 a “Sell”, and 18 a ”Hold”. This means that 35% of the ratings are positive. The highest target price is $40 while the lowest target price is $20. The mean of all analyst targets is $31.27 with a -13.36% below today’s ($33.75) stock price. Nvidia Corporation was the topic of 41 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. Canaccord Genuity upgraded shares on November 16 to “Buy” rating. Roth Capital maintained shares with “Neutral” rating and $30 target share price in a report from a November 6. RBC Capital Markets maintained NVDA stock in a recent report from November 6 with “Sector Perform” rating. TH Capital maintained the rating on November 6. TH Capital has a “Neutral” rating and a $30 price target on shares. Finally, Morgan Stanley maintained the stock with “Equal-Weight” rating in a report issued on a November 6.

The stock increased 4.07% or $1.32 on December 4, striking $33.75. Approximately shares of stock traded hands. NVIDIA Corporation (NASDAQ:NVDA) has risen 49.27% since May 4, 2015 and is uptrending. It has outperformed by 50.35% the S&P500.

NVIDIA Corporation is engaged in visual computing, enabling individuals to interact with digital ideas, data and entertainment. The company has a market cap of $18.16 billion. The Firm is engaged in creating NVIDIA-branded services and products, offering its processors to original equipment manufacturers (OEMs), and licensing its intellectual property. It has 31.66 P/E ratio. NVIDIA-branded services and products are visual computing platforms that address four markets: Gaming, Enterprise, High Performance Computing & Cloud, and Automotive.

According to Zacks Investment Research, “NVIDIA Corporation designs, develops and markets a top-to-bottom family of award-winning 3D graphics processors, graphics processing units and related software that set the standard for performance, quality and features for every type of desktop personal computer user, from professional workstations to low-cost computers. NVIDIA Corporation’s 3D graphics processors are used in a wide variety of applications, including games, the Internet and industrial design.” Get a free copy of the Zacks research report on NVIDIA Corporation (NVDA).