NVIDIA (NASDAQ:NVDA) Price Target Raised to $345.00 at Wedbush

Key Points

• Wedbush raised NVIDIA’s price target to $345 from $330 and maintained an “outperform” rating, implying 64.55% upside from the prior close. Analysts overall rate the stock “Moderate Buy,” with an average target of $317.03.
• NVIDIA reported exceptionally strong quarterly results, including $96.22 billion in revenue—up 105.9% year over year—and EPS of $2.22, beating consensus estimates. The company also authorized an $80 billion share-repurchase program.
• Despite strong AI-driven demand and institutional ownership, investors face risks from softer projected margins, the lack of assumed China data-center revenue, emerging custom-chip competition and concerns about customer-financing initiatives.

NVIDIA (NASDAQ:NVDA - Get Free Report) had its price target lifted by investment analysts at Wedbush from $330.00 to $345.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the computer hardware maker's stock. Wedbush's price target would indicate a potential upside of 64.55% from the company's previous close.

NVDA has been the subject of a number of other research reports. Wolfe Research reiterated an "outperform" rating and issued a $275.00 price objective on shares of NVIDIA in a report on Thursday, May 21st. Seaport Research Partners lifted their price target on NVIDIA from $140.00 to $180.00 and gave the stock a "sell" rating in a report on Thursday, May 21st. The Goldman Sachs Group reissued a "neutral" rating and issued a $300.00 price objective on shares of NVIDIA in a report on Thursday. Itau BBA Securities decreased their target price on shares of NVIDIA from $256.00 to $218.00 in a report on Wednesday, June 24th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $350.00 price target on shares of NVIDIA in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $317.03.

NVIDIA Price Performance

NASDAQ:NVDA opened at $209.66 on Thursday. The stock has a 50 day moving average of $207.61 and a two-hundred day moving average of $200.35. NVIDIA has a 12 month low of $164.07 and a 12 month high of $236.54. The firm 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. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04.

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

NVIDIA announced that its Board of Directors has authorized a stock repurchase program on Wednesday, May 20th that allows the company to buyback $80.00 billion in outstanding shares. This buyback authorization allows the computer hardware maker to purchase up to 1.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

Insider Activity at NVIDIA

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

Institutional Investors Weigh In On NVIDIA

A number of hedge funds and other institutional investors have recently modified their holdings of NVDA. Norges Bank purchased a new position in shares of NVIDIA in the 4th quarter valued at $62,244,133,000. J. Stern & Co. LLP lifted its holdings in shares of NVIDIA by 13,709.1% in the 4th quarter. J. Stern & Co. LLP now owns 125,760,307 shares of the computer hardware maker's stock valued at $23,454,297,000 after purchasing an additional 124,849,603 shares during the last quarter. Jupiter Topco LLC purchased a new position in NVIDIA during the 2nd quarter worth approximately $16,156,076,000. Cardano Risk Management B.V. increased its position in NVIDIA by 896.4% during the fourth quarter. Cardano Risk Management B.V. now owns 78,123,960 shares of the computer hardware maker's stock worth $14,570,119,000 after buying an additional 70,283,539 shares during the period. Finally, Capital Research Global Investors boosted its holdings in shares of NVIDIA by 16.1% in the third quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker's stock valued at $30,855,564,000 after acquiring an additional 22,896,705 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Record results exceeded expectations: Fiscal Q2 revenue reached $96.2 billion, up 106% year over year, while non-GAAP EPS of $2.22 topped the $2.09 consensus estimate. Data Center revenue rose 117% to $89.0 billion, and GAAP gross margin was a robust 75%. NVIDIA fiscal second-quarter results
• Positive Sentiment: Strong forward outlook: NVIDIA forecast approximately $108 billion in fiscal Q3 revenue, above Wall Street expectations, and indicated roughly 70% fiscal 2028 revenue growth versus analyst expectations near 45%. CEO Jensen Huang said AI infrastructure demand is accelerating and the buildout is “at full steam.” NVIDIA signals longer AI spending runway
• Positive Sentiment: Customer demand remains substantial: Amazon Web Services and NVIDIA announced plans to deploy an additional two million GPUs, while the company highlighted production ramps for its Vera Rubin platform and continued hyperscaler adoption. AWS expands NVIDIA GPU order
• Positive Sentiment: Analyst support strengthened: Needham raised its price target to $300 and maintained a Buy rating; other firms also lifted targets following the results. Investors continue to view NVDA’s growth and valuation as attractive relative to its earnings trajectory. Needham raises NVIDIA price target
• Neutral Sentiment: Potential Hugging Face acquisition: Reports say NVIDIA may acquire open-source AI platform Hugging Face for approximately $12.9 billion to expand its software and developer ecosystem. However, the reports indicate discussions may not be finalized, and the price would represent a substantial premium to Hugging Face’s prior valuation. NVIDIA reportedly agrees to buy Hugging Face
• Negative Sentiment: Margins are expected to soften: NVIDIA guided fiscal Q3 gross margin to 74%, below the latest quarter’s 75%, as memory, advanced packaging and power constraints pressure costs. Investors are watching whether higher spending and supply investments could limit profitability.
• Negative Sentiment: Risks remain around China, competition and financing: The forecast assumes no Data Center compute revenue from China. Meanwhile, custom chips from OpenAI and Microsoft could gradually reduce hyperscaler reliance on NVIDIA, while the company’s investments and customer-financing initiatives have prompted concerns about circular financing and return on investment. Jensen Huang discusses NVIDIA AI investments

NVIDIA Company Profile

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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