Royal Bank Of Canada Boosts NVIDIA (NASDAQ:NVDA) Price Target to $330.00

Key Points

• Royal Bank of Canada raised NVIDIA’s price target to $330 from $300 and maintained an “outperform” rating, implying 46.79% potential upside from the prior close.
• NVIDIA reported quarterly revenue of $96.22 billion and EPS of $2.22, exceeding analyst expectations, with revenue up 105.9% year over year. The stock rose 7.2% to $224.81 during Thursday trading.
• Analyst sentiment remains strongly positive, with a consensus “Moderate Buy” rating and average price target of $321.46, although investors continue to monitor margin pressures, China-related risks and growing competition.

NVIDIA (NASDAQ:NVDA - Get Free Report) had its price target boosted by equities researchers at Royal Bank Of Canada from $300.00 to $330.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the computer hardware maker's stock. Royal Bank Of Canada's price objective would suggest a potential upside of 46.79% from the company's previous close.

Other equities research analysts have also issued reports about the company. China Renaissance initiated coverage on NVIDIA in a research note on Friday, June 5th. They set a "buy" rating and a $319.00 price target for the company. New Street Research lowered their price target on shares of NVIDIA from $343.00 to $340.00 in a research report on Thursday, May 21st. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $300.00 price objective on shares of NVIDIA in a research report on Thursday. HSBC reiterated a "buy" rating and issued a $325.00 target price (up from $295.00) on shares of NVIDIA in a report on Tuesday, May 19th. Finally, Raymond James Financial set a $515.00 price target on shares of NVIDIA and gave the company a "strong-buy" rating in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $321.46.

NVIDIA Trading Up 7.2%

NVDA stock traded up $15.15 during midday trading on Thursday, reaching $224.81. 105,865,178 shares of the company traded hands, compared to its average volume of 158,135,078. The firm has a market capitalization of $5.44 trillion, a price-to-earnings ratio of 34.36, a P/E/G ratio of 0.42 and a beta of 2.23. NVIDIA has a 52-week low of $164.07 and a 52-week high of $236.54. The business has a 50 day moving average of $207.61 and a 200-day moving average of $200.35. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.85 and a current ratio of 3.44.

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

NVIDIA announced that its board has approved a share repurchase plan on Wednesday, May 20th that allows the company to repurchase $80.00 billion in 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 typically an indication that the company's board believes its stock is undervalued.

Insider Activity

In other NVIDIA news, Director Stephen C. Neal sold 15,500 shares of the firm's 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 completion of the sale, the director owned 116,135 shares of the company's stock, valued at approximately $25,053,803.55. This trade represents a 11.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 885,000 shares of the business's stock in a transaction dated 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 owned 5,207,271 shares in the company, valued at $1,094,412,146.07. The trade was a 14.53% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,900,500 shares of company stock valued at $410,449,265. Corporate insiders own 3.94% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new stake in NVIDIA in the fourth quarter valued at approximately $62,244,133,000. J. Stern & Co. LLP lifted its stake in NVIDIA by 13,709.1% during 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 acquiring an additional 124,849,603 shares during the period. Jupiter Topco LLC acquired a new stake in NVIDIA during the 2nd quarter valued at approximately $16,156,076,000. Cardano Risk Management B.V. boosted its holdings in shares of NVIDIA by 896.4% in the 4th quarter. Cardano Risk Management B.V. now owns 78,123,960 shares of the computer hardware maker's stock valued at $14,570,119,000 after acquiring an additional 70,283,539 shares during the last quarter. Finally, Capital Research Global Investors boosted its holdings in shares of NVIDIA by 16.1% in the 3rd 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 last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Key Headlines Impacting NVIDIA

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source