DA Davidson Raises NVIDIA (NASDAQ:NVDA) Price Target to $195.00

Key Points

• DA Davidson has raised its price target for NVIDIA from $135.00 to $195.00, indicating a potential upside of 9.30% from the current stock price.
• Multiple analysts remain optimistic about NVIDIA, with Jefferies and UBS both increasing their targets to $205.00 and Sanford C. Bernstein setting a target of $225.00, reflecting strong buy sentiments overall.
• NVIDIA reported earnings of $1.05 per share for the last quarter, surpassing expectations and reflecting a significant revenue increase of 55.6% year-over-year.

NVIDIA (NASDAQ:NVDA - Get Free Report) had its price target upped by research analysts at DA Davidson from $135.00 to $195.00 in a research report issued on Thursday. The firm currently has a "neutral" rating on the computer hardware maker's stock. DA Davidson's target price suggests a potential upside of 9.30% from the company's current price.

Several other equities analysts have also recently issued reports on NVDA. Jefferies Financial Group boosted their target price on NVIDIA from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday. UBS Group upped their price target on NVIDIA from $175.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $225.00 price target (up from $185.00) on shares of NVIDIA in a research note on Thursday. Loop Capital upped their price target on NVIDIA from $175.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Finally, Stifel Nicolaus upped their price target on NVIDIA from $202.00 to $212.00 and gave the stock a "buy" rating in a research note on Monday. Four analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and a consensus price target of $203.97.

NVIDIA Trading Down 1.8%

NVIDIA stock traded down $3.20 during trading hours on Thursday, reaching $178.41. The company had a trading volume of 82,059,885 shares, compared to its average volume of 237,892,625. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The company has a 50-day moving average price of $169.53 and a 200 day moving average price of $138.41. The firm has a market cap of $4.35 trillion, a price-to-earnings ratio of 57.74, a P/E/G ratio of 1.59 and a beta of 2.14. NVIDIA has a 12-month low of $86.62 and a 12-month high of $184.48.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly 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. The business had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.The business's quarterly revenue was up 55.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. NVIDIA has set its Q3 2026 guidance at EPS. Equities analysts forecast that NVIDIA will post 2.77 earnings per share for the current year.

Insider Transactions at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 27,640 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $178.06, for a total transaction 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 approximately $526,501,340.56. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $179.76, for a total transaction of $13,482,000.00. Following the sale, the chief executive officer owned 72,848,225 shares of the company's stock, valued at approximately $13,095,196,926. This represents a 0.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,912,440 shares of company stock valued at $902,886,782. 4.17% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Harbor Asset Planning Inc. bought a new position in shares of NVIDIA during the second quarter valued at $28,000. Winnow Wealth LLC bought a new position in NVIDIA in the second quarter valued at about $32,000. Longfellow Investment Management Co. LLC lifted its holdings in NVIDIA by 47.9% in 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 in the second quarter valued at about $40,000. Finally, Kathleen S. Wright Associates Inc. lifted its holdings in NVIDIA by 169.3% in 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.

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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