Craig Hallum Increases NVIDIA (NASDAQ:NVDA) Price Target to $245.00

Key Points

• Craig Hallum has raised its price target for NVIDIA from $195.00 to $245.00, indicating a potential upside of 35.49% from the current stock price.
• The stock currently has an average rating of "Moderate Buy" with 34 analysts assigning a Buy rating and 4 giving it a Strong Buy rating.
• NVIDIA's recent quarterly earnings surpassed expectations, reporting $1.05 EPS against a consensus estimate of $1.01, driven by a 55.6% revenue increase year-over-year.

NVIDIA (NASDAQ:NVDA - Get Free Report) had its price target increased by equities research analysts at Craig Hallum from $195.00 to $245.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the computer hardware maker's stock. Craig Hallum's price objective suggests a potential upside of 35.49% from the company's current price.

Several other research analysts also recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a research report on Monday, August 11th. Mizuho boosted their price objective on shares of NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a research report on Thursday, August 14th. Oppenheimer restated an "outperform" rating and set a $225.00 price objective (up from $200.00) on shares of NVIDIA in a research report on Thursday. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Finally, Benchmark boosted their target price on shares of NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $206.54.

NVIDIA Stock Down 0.4%

Shares of NVIDIA stock traded down $0.77 during trading hours on Thursday, reaching $180.83. 204,511,709 shares of the company's stock were exchanged, compared to its average volume of 238,784,234. The company has a 50 day moving average of $169.53 and a two-hundred day moving average of $138.41. NVIDIA has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10. The stock has a market cap of $4.41 trillion, a P/E ratio of 58.28, a P/E/G ratio of 1.59 and a beta of 2.14.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The firm had revenue of $46,743,000 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same period last year, the business posted $0.68 earnings per share. The business's revenue for the quarter 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 forecast that NVIDIA will post 2.77 EPS for the current fiscal year.

Insider Activity

In other news, CFO Colette Kress sold 27,640 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $178.06, for a total value of $4,921,578.40. Following the completion of the sale, the chief financial officer directly owned 2,956,876 shares in the company, valued at $526,501,340.56. This trade represents a 0.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the completion of the sale, the chief executive officer owned 72,848,225 shares in the company, valued at $13,095,196,926. This represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,912,440 shares of company stock valued at $902,886,782. 4.17% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Astoria Portfolio Advisors LLC. lifted its stake in NVIDIA by 0.9% in the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker's stock worth $9,610,000 after purchasing an additional 864 shares during the last quarter. Centerpoint Advisory Group increased its position in shares of NVIDIA by 2.5% in the first quarter. Centerpoint Advisory Group now owns 39,398 shares of the computer hardware maker's stock valued at $4,270,000 after acquiring an additional 943 shares during the period. GSB Wealth Management LLC increased its position in shares of NVIDIA by 3.3% during the first quarter. GSB Wealth Management LLC now owns 32,611 shares of the computer hardware maker's stock valued at $3,534,000 after buying an additional 1,043 shares during the period. Variant Private Wealth LLC increased its position in shares of NVIDIA by 20.6% during the first quarter. Variant Private Wealth LLC now owns 18,800 shares of the computer hardware maker's stock valued at $2,038,000 after buying an additional 3,206 shares during the period. Finally, Financial Perspectives Inc increased its position in shares of NVIDIA by 2.8% during the first quarter. Financial Perspectives Inc now owns 45,958 shares of the computer hardware maker's stock valued at $4,981,000 after buying an additional 1,265 shares during the period. 65.27% of the stock is owned by institutional investors.

NVIDIA Company Profile

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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