BNP Paribas Exane Forecasts Strong Price Appreciation for NVIDIA (NASDAQ:NVDA) Stock

Key Points

• BNP Paribas Exane raised its NVIDIA price target to $250 (from $240) and kept an "outperform" rating, implying about a 37.74% upside from the current price.
• Analyst sentiment is broadly bullish — five Strong Buy, 41 Buy, 2 Hold and 1 Sell — with a consensus target of about $240.49 and several firms (Barclays, Oppenheimer, HSBC) recently raising targets or ratings.
• NVIDIA beat Q results (EPS $1.05 vs $1.01 and revenue $46.74B vs $45.65B, revenue up 55.6% YoY), but insiders have sold roughly 3.25 million shares (~$583M) in the past 90 days.

NVIDIA (NASDAQ:NVDA - Get Free Report) had its target price lifted by equities researchers at BNP Paribas Exane from $240.00 to $250.00 in a report issued on Tuesday,MarketScreener reports. The brokerage currently has an "outperform" rating on the computer hardware maker's stock. BNP Paribas Exane's price objective points to a potential upside of 37.74% from the stock's current price.

Other equities analysts have also issued reports about the stock. Barclays reiterated an "overweight" rating and set a $240.00 target price (up from $200.00) on shares of NVIDIA in a report on Monday, September 22nd. Sanford C. Bernstein reiterated a "buy" rating on shares of NVIDIA in a research note on Tuesday, September 23rd. Hsbc Global Res raised NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 15th. Oppenheimer raised their price target on NVIDIA from $225.00 to $265.00 and gave the company an "outperform" rating in a report on Thursday, November 13th. Finally, BNP Paribas upgraded shares of NVIDIA to a "hold" rating in a research note on Friday, August 1st. Five analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, NVIDIA has an average rating of "Buy" and a consensus target price of $240.49.

NVIDIA Stock Down 2.7%

NVDA stock opened at $181.50 on Tuesday. NVIDIA has a fifty-two week low of $86.62 and a fifty-two week high of $212.19. The company has a market capitalization of $4.41 trillion, a price-to-earnings ratio of 52.17, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. The business's 50 day moving average price is $185.97 and its two-hundred day moving average price is $166.88. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm's quarterly revenue was up 55.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. As a group, analysts forecast that NVIDIA will post 2.77 earnings per share for the current fiscal year.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 350,000 shares of the company's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the completion of the sale, the director owned 7,399,803 shares in the company, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of the firm's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $176.21, for a total value of $44,052,500.00. Following the completion of the transaction, the director directly owned 7,183,280 shares in the company, valued at $1,265,765,768.80. The trade was a 3.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,251,577 shares of company stock worth $583,143,187 in the last ninety days. Insiders own 4.17% of the company's stock.

Institutional Trading of NVIDIA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NVDA. Harbor Asset Planning Inc. purchased a new stake in NVIDIA in the second quarter worth about $28,000. Winnow Wealth LLC bought a new position in shares of NVIDIA during the 2nd quarter valued at approximately $32,000. Longfellow Investment Management Co. LLC grew its stake 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 period. Spurstone Advisory Services LLC purchased a new stake in NVIDIA in the 2nd quarter worth approximately $40,000. Finally, Kathleen S. Wright Associates Inc. raised its stake in NVIDIA by 169.3% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after acquiring an additional 254 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

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.

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