Craig Hallum Issues Positive Forecast for NVIDIA (NASDAQ:NVDA) Stock Price

Key Points

• Craig Hallum raised its price target on NVIDIA from $245 to $275 and kept a buy rating, implying about 24% upside from the prior close.
• NVIDIA posted a strong quarterly report, with EPS of $1.87 beating estimates and revenue of $81.62 billion topping expectations, while sales jumped 85.2% year over year.
• The company also authorized an $80 billion share buyback, signaling management confidence in the stock’s valuation and future cash generation.

NVIDIA (NASDAQ:NVDA - Get Free Report) had its price target boosted by equities research analysts at Craig Hallum from $245.00 to $275.00 in a research report issued on Thursday,MarketScreener reports. The firm currently has a "buy" rating on the computer hardware maker's stock. Craig Hallum's price target would suggest a potential upside of 24.07% from the stock's previous close.

Several other research analysts also recently weighed in on the stock. CICC Research boosted their target price on shares of NVIDIA from $228.00 to $240.60 and gave the company an "outperform" rating in a research note on Friday, February 27th. BNP Paribas Exane lifted their price target on shares of NVIDIA from $260.00 to $270.00 and gave the stock an "outperform" rating in a report on Thursday, February 26th. Sanford C. Bernstein reissued an "outperform" rating on shares of NVIDIA in a research report on Thursday. Jefferies Financial Group reissued a "buy" rating and set a $300.00 price objective (up from $275.00) on shares of NVIDIA in a research note on Thursday. Finally, Wall Street Zen cut shares of NVIDIA from a "strong-buy" rating to a "buy" rating in a research note on Sunday, April 26th. Four research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $298.69.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $221.66 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.24 and a current ratio of 3.91. The business's fifty day moving average price is $194.82 and its two-hundred day moving average price is $188.75. The stock has a market cap of $5.37 trillion, a PE ratio of 45.29, a price-to-earnings-growth ratio of 0.69 and a beta of 2.25. NVIDIA has a one year low of $129.16 and a one year high of $236.54.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.11. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.The company had revenue of $81.62 billion during the quarter, compared to analysts' expectations of $78.42 billion. During the same period in the previous year, the firm posted $0.81 earnings per share. The business's revenue for the quarter was up 85.2% compared to the same quarter last year. On average, analysts forecast that NVIDIA will post 7.85 EPS for the current fiscal year.

NVIDIA declared that its Board of Directors has authorized a share buyback plan on Wednesday, May 20th that authorizes the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to buy up to 1.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Insider Activity

In other news, Director Aarti S. Shah sold 19,000 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $176.71, for a total value of $3,357,490.00. Following the completion of the sale, the director owned 36,007 shares of the company's stock, valued at $6,362,796.97. This represents a 34.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Stevens sold 221,682 shares of the firm's stock in a transaction on Friday, March 20th. The shares were sold at an average price of $173.68, for a total transaction of $38,501,729.76. Following the completion of the transaction, the director directly owned 7,399,771 shares in the company, valued at approximately $1,285,192,227.28. This represents a 2.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 906,336 shares of company stock valued at $162,802,518 over the last quarter. 4.17% of the stock is owned by insiders.

Institutional Investors Weigh In On NVIDIA

Several institutional investors and hedge funds have recently modified their holdings of NVDA. State Street Corp increased its position in shares of NVIDIA by 1.2% during the fourth quarter. State Street Corp now owns 991,480,489 shares of the computer hardware maker's stock worth $184,911,111,000 after acquiring an additional 11,451,386 shares during the last quarter. Geode Capital Management LLC raised its position in shares of NVIDIA by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 588,803,093 shares of the computer hardware maker's stock valued at $109,446,217,000 after purchasing an additional 3,383,441 shares in the last quarter. Norges Bank purchased a new position in shares of NVIDIA during the 4th quarter valued at approximately $62,244,133,000. Bank of America Corp DE grew its position in shares of NVIDIA by 2.1% during the first quarter. Bank of America Corp DE now owns 191,200,989 shares of the computer hardware maker's stock worth $33,345,453,000 after buying an additional 4,019,505 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of NVIDIA by 1.5% in the third quarter. Legal & General Group Plc now owns 181,203,035 shares of the computer hardware maker's stock worth $33,808,862,000 after buying an additional 2,609,560 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Trending Headlines about NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: NVIDIA reported record fiscal Q1 revenue of $81.6 billion, up 85% year over year, with EPS of $1.87 beating estimates and data center revenue surging to $75.2 billion. Article Title
• Positive Sentiment: The company boosted shareholder returns by authorizing an additional $80 billion share buyback and raising its quarterly dividend from $0.01 to $0.25 per share, reinforcing confidence in cash generation. Article Title
• Positive Sentiment: Wedbush raised its price target to $330 and JPMorgan lifted its target to $280, signaling continued Wall Street confidence in NVIDIA’s AI-led growth story. Article Title
• Positive Sentiment: Several reports highlighted NVIDIA’s expanding AI roadmap, including Vera Rubin, Vera CPUs, and broader agentic AI positioning, which supports the case for another leg of growth. Article Title
• Neutral Sentiment: Despite the strong quarter, some coverage noted that the stock’s reaction was muted because investors remain focused on competition, China exposure, and whether AI spending can keep accelerating at the current pace. Article Title
• Neutral Sentiment: NVIDIA’s Q2 guidance of about $91 billion in revenue topped consensus, but management excluded China data center revenue, leaving some uncertainty around how much of the growth story can be realized there. Article Title

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.

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