NVIDIA (NASDAQ:NVDA) Price Target Raised to $300.00

Key Points

• Needham raised NVIDIA’s price target to $300 from $270 and maintained a “buy” rating, implying about 43% upside. MarketBeat analysts have a consensus “Moderate Buy” rating and an average target of $312.21.
• NVIDIA reported a strong quarter, with revenue of $96.22 billion and EPS of $2.22, beating estimates and increasing revenue 106% year over year. The company also authorized an $80 billion share-repurchase program.
• Despite strong AI demand and broad analyst support, investors face risks including declining projected gross margins, supply constraints, no China compute revenue in guidance, rising custom-chip competition, and significant recent insider selling.

NVIDIA (NASDAQ:NVDA - Get Free Report) had its price objective raised by equities research analysts at Needham & Company LLC from $270.00 to $300.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the computer hardware maker's stock. Needham & Company LLC's price objective indicates a potential upside of 43.09% from the stock's current price.

NVDA has been the subject of several other reports. The Goldman Sachs Group reissued a "neutral" rating and issued a $300.00 price target on shares of NVIDIA in a research note on Thursday. Oppenheimer set a $265.00 price target on NVIDIA in a research report on Thursday, August 20th. CICC Research increased their target price on NVIDIA from $240.60 to $268.30 and gave the stock an "outperform" rating in a research report on Friday, May 22nd. Susquehanna restated a "positive" rating and set a $275.00 price target (up from $250.00) on shares of NVIDIA in a research report on Tuesday, May 12th. Finally, Argus boosted their target price on shares of NVIDIA from $220.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and a consensus price target of $312.21.

NVIDIA Stock Performance

NVIDIA stock opened at $209.66 on Thursday. The firm's fifty day moving average price is $207.61 and its 200-day moving average price is $200.35. NVIDIA has a fifty-two week low of $164.07 and a fifty-two week high of $236.54. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.85 and a current ratio of 3.44. The stock has a market cap of $5.07 trillion, a P/E ratio of 32.11, a price-to-earnings-growth ratio of 0.42 and a beta of 2.23.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.13. The firm had revenue of $96.22 billion during the quarter, compared to analyst estimates of $92.27 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The company's revenue was up 105.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 earnings per share. On average, equities research analysts expect that NVIDIA will post 8.8 earnings per share for the current fiscal year.

NVIDIA declared that its Board of Directors has approved a stock buyback plan on Wednesday, May 20th that allows the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization allows the computer hardware maker to purchase up to 1.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Insider Activity at NVIDIA

In other news, Director Stephen C. Neal sold 15,500 shares of NVIDIA stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total value of $3,343,815.00. Following the sale, the director directly owned 116,135 shares of the company's stock, valued at approximately $25,053,803.55. The trade was a 11.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 885,000 shares of the company's stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $210.17, for a total value of $186,000,450.00. Following the sale, the director directly owned 5,207,271 shares in the company, valued at $1,094,412,146.07. This trade represents a 14.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,900,500 shares of company stock worth $410,449,265 in the last three months. 3.94% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NVIDIA

Hedge funds and other institutional investors have recently made changes to their positions in the company. Lifetime Wealth Management P.C. purchased a new stake in NVIDIA in the fourth quarter valued at $26,000. Longview Financial Advisors Inc. purchased a new stake in NVIDIA during the 1st quarter valued at about $27,000. Montgomery Financial Services LLC acquired a new stake in shares of NVIDIA in the second quarter valued at approximately $28,000. Longfellow Investment Management Co. LLC boosted its position in shares of NVIDIA by 47.9% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock valued at $33,000 after acquiring an additional 67 shares during the last quarter. Finally, Langley Wealth Management LLC purchased a new stake in shares of NVIDIA in the 2nd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Record results and stronger outlook: Fiscal Q2 revenue reached $96.2 billion, up 106% year over year and above the roughly $92.2 billion consensus. Adjusted EPS was $2.22 versus $2.09 expected, while Data Center revenue rose 117% to $89.0 billion. NVIDIA forecast fiscal Q3 revenue of approximately $108 billion, excluding China compute revenue. NVIDIA second-quarter financial results
• Positive Sentiment: AI demand remains broad and accelerating: CEO Jensen Huang said the AI infrastructure buildout is operating at full speed, with the Vera Rubin platform ramping into production. NVIDIA also expanded its AWS partnership, including an additional 2 million GPUs, supporting confidence in hyperscaler demand. AWS and NVIDIA GPU partnership
• Positive Sentiment: Analyst support increased: Goldman Sachs and Citigroup raised their price targets, while Raymond James lifted its target to $352 and maintained a strong-buy rating. The upgrades indicate that analysts view the earnings beat and long-term growth forecast as more important than near-term valuation concerns. Wall Street commentary on NVIDIA
• Neutral Sentiment: Potential Hugging Face acquisition: Reports say NVIDIA has agreed, or is close, to acquiring open-source AI platform Hugging Face for about $12.9 billion. The deal could strengthen NVIDIA’s software and developer ecosystem, but reports conflict on whether a binding agreement has been signed.
• Negative Sentiment: Margins and competitive risks remain: NVIDIA expects fiscal Q3 gross margin of about 74%, down from 75% in Q2, while operating expenses continue to rise. Investors are also monitoring custom chips from OpenAI and Microsoft that could reduce NVIDIA’s share of inference workloads over time. Custom AI chip competition
• Negative Sentiment: Execution and financing concerns: Supply constraints, the absence of China compute revenue in guidance, and scrutiny of NVIDIA’s investments and customer-financing relationships could add volatility despite the strong fundamentals.

About NVIDIA

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company's product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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