Daiwa Capital Markets Issues Positive Forecast for NVIDIA (NASDAQ:NVDA) Stock Price

Key Points

• Daiwa Capital Markets has raised its price target for NVIDIA (NASDAQ:NVDA) from $165.00 to $205.00, suggesting a potential upside of 20.96% from the current stock price.
• Analysts remain bullish on NVIDIA, with a majority rating it as a Strong Buy or Buy; the average price target across all analysts is approximately $208.47.
• NVIDIA reported strong quarterly earnings, exceeding analyst expectations with $1.05 earnings per share and a revenue of $46.74 billion, reflecting a 55.6% year-over-year increase.

NVIDIA (NASDAQ:NVDA - Get Free Report) had its price target boosted by investment analysts at Daiwa Capital Markets from $165.00 to $205.00 in a report issued on Wednesday,MarketScreener reports. The firm presently has an "outperform" rating on the computer hardware maker's stock. Daiwa Capital Markets' price objective suggests a potential upside of 20.96% from the stock's previous close.

NVDA has been the topic of a number of other reports. KeyCorp restated an "overweight" rating and set a $230.00 price target (up from $215.00) on shares of NVIDIA in a report on Thursday, August 28th. Raymond James Financial increased their price target on NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a report on Thursday, May 29th. Piper Sandler set a $225.00 price target on NVIDIA and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Mizuho increased their target price on NVIDIA from $192.00 to $205.00 and gave the stock an "outperform" rating in a report on Thursday, August 14th. Finally, Rosenblatt Securities raised their price objective on NVIDIA from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Four analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $208.47.

NVIDIA Stock Performance

Shares of NVIDIA stock traded down $5.41 during trading on Wednesday, reaching $169.47. The company's stock had a trading volume of 100,015,029 shares, compared to its average volume of 234,201,469. The business's 50-day moving average price is $175.11 and its 200-day moving average price is $142.40. The firm has a market cap of $4.12 trillion, a PE ratio of 48.26, a P/E/G ratio of 1.29 and a beta of 2.10. NVIDIA has a 52 week low of $86.62 and a 52 week high of $184.48. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

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 for the quarter, topping the consensus estimate of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. NVIDIA's revenue was up 55.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.68 earnings per share. 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, Director Mark A. Stevens sold 297,797 shares of the business's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $178.19, for a total value of $53,064,447.43. Following the completion of the sale, the director owned 7,749,803 shares in the company, valued at approximately $1,380,937,396.57. The trade was a 3.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ajay K. Puri sold 168,195 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $152.64, for a total value of $25,673,284.80. Following the completion of the sale, the executive vice president owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. The trade was a 4.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,975,304 shares of company stock valued at $665,001,763. 4.17% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NVIDIA

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Milestones Private Investment Advisors LLC bought a new position in shares of NVIDIA during the second quarter valued at approximately $1,162,000. NWF Advisory Services Inc. raised its holdings in shares of NVIDIA by 87.6% during the second quarter. NWF Advisory Services Inc. now owns 83,164 shares of the computer hardware maker's stock valued at $13,139,000 after acquiring an additional 38,836 shares in the last quarter. Alternative Investment Advisors LLC. raised its holdings in shares of NVIDIA by 1.5% during the second quarter. Alternative Investment Advisors LLC. now owns 20,814 shares of the computer hardware maker's stock valued at $3,288,000 after acquiring an additional 312 shares in the last quarter. Prospera Capital Management LLC raised its holdings in NVIDIA by 0.9% in the second quarter. Prospera Capital Management LLC now owns 20,760 shares of the computer hardware maker's stock worth $3,280,000 after purchasing an additional 189 shares in the last quarter. Finally, ZynergyRetirementPlanningLLC raised its holdings in NVIDIA by 8.2% in the second quarter. ZynergyRetirementPlanningLLC now owns 1,375 shares of the computer hardware maker's stock worth $217,000 after purchasing an additional 104 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

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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