Citigroup Cuts NVIDIA (NASDAQ:NVDA) Price Target to $200.00

Key Points

• Citigroup has reduced NVIDIA's price target from $210.00 to $200.00 while maintaining a "buy" rating, indicating a potential upside of 17.69% based on the stock's current price.
• Other analysts have set varying price targets for NVIDIA, with Wolfe Research raising their target to $230.00 and Truist Financial setting it at $228.00, reflecting a generally positive outlook for the stock.
• NVIDIA recently reported an earnings per share (EPS) of $1.05 for the last quarter, surpassing analyst expectations and posting a net margin of 52.41% with a revenue increase of 55.6% compared to the previous year.

NVIDIA (NASDAQ:NVDA - Get Free Report) had its price objective reduced by analysts at Citigroup from $210.00 to $200.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the computer hardware maker's stock. Citigroup's price objective would indicate a potential upside of 17.69% from the stock's current price.

Other research analysts have also issued reports about the stock. Wolfe Research raised their target price on shares of NVIDIA from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Thursday, August 28th. The Goldman Sachs Group reiterated a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a report on Wednesday, August 27th. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday, May 29th. Truist Financial upped their target price on NVIDIA from $210.00 to $228.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Finally, BNP Paribas raised NVIDIA to a "hold" rating in a research note on Friday, August 1st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $207.42.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA traded up $2.92 during trading on Monday, hitting $169.94. The company's stock had a trading volume of 61,235,955 shares, compared to its average volume of 237,031,797. NVIDIA has a 12 month low of $86.62 and a 12 month high of $184.48. The firm has a market cap of $4.13 trillion, a price-to-earnings ratio of 48.41, a P/E/G ratio of 1.21 and a beta of 2.10. The company has a 50-day moving average of $172.73 and a 200-day moving average of $140.21. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60.

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

Insider Activity at NVIDIA

In other news, Director Mark A. Stevens sold 608,248 shares of the company's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $145.26, for a total value of $88,354,104.48. Following the completion of the sale, the director owned 8,247,600 shares of the company's stock, valued at $1,198,046,376. This represents a 6.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total value of $11,440,500.00. Following the completion of the sale, the chief executive officer directly owned 75,548,225 shares of the company's stock, valued at $11,524,126,241.50. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,682,755 shares of company stock worth $594,406,430. 4.17% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NVIDIA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harbor Asset Planning Inc. bought a new position in shares of NVIDIA in the second quarter worth about $28,000. Winnow Wealth LLC bought a new position in NVIDIA during the second quarter valued at about $32,000. Longfellow Investment Management Co. LLC increased its stake in NVIDIA by 47.9% during the second 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 bought a new position in NVIDIA during the second quarter valued at about $40,000. Finally, Kathleen S. Wright Associates Inc. increased its stake in NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after acquiring an additional 254 shares during the period. 65.27% of the stock is owned by 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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