KeyCorp Boosts NVIDIA (NASDAQ:NVDA) Price Target to $215.00

Key Points

• KeyCorp has increased its target price for NVIDIA from $190.00 to $215.00, suggesting a potential upside of 22.41% from the current stock price.
• NVIDIA's stock received multiple upgrades from analysts, with 32 analysts giving it a Buy rating and a consensus target price of $189.97.
• NVIDIA reported a quarterly revenue of $44.06 billion, exceeding analysts' expectations, despite missing the earnings per share estimate.

NVIDIA (NASDAQ:NVDA - Get Free Report) had its target price boosted by equities research analysts at KeyCorp from $190.00 to $215.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the computer hardware maker's stock. KeyCorp's price objective points to a potential upside of 22.41% from the stock's current price.

Several other analysts have also weighed in on the company. Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday, May 29th. Arete Research upgraded NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Wells Fargo & Company increased their price target on NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a report on Monday, August 11th. BNP Paribas raised NVIDIA to a "hold" rating in a research report on Friday, August 1st. Finally, Barclays upped their price objective on NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. Four analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $189.97.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $175.64 on Wednesday. The stock's fifty day moving average is $165.38 and its 200 day moving average is $136.23. NVIDIA has a fifty-two week low of $86.62 and a fifty-two week high of $184.48. The firm has a market capitalization of $4.29 trillion, a PE ratio of 56.66, a PEG ratio of 1.60 and a beta of 2.14. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The company had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter in the previous year, the company posted $0.61 EPS. The business's quarterly revenue was up 69.2% on a year-over-year basis. NVIDIA has set its Q2 2026 guidance at EPS. On average, sell-side analysts anticipate that NVIDIA will post 2.77 earnings per share for the current year.

Insider Transactions at NVIDIA

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the transaction, the chief executive officer owned 75,548,225 shares of the company's stock, valued at approximately $11,524,126,241.50. This represents a 0.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $142.80, for a total value of $142,800,000.00. Following the sale, the director directly owned 26,671,360 shares in the company, valued at approximately $3,808,670,208. The trade was a 3.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,912,440 shares of company stock worth $902,886,782 over the last quarter. 4.17% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NVIDIA

A number of institutional investors have recently added to or reduced their stakes in NVDA. Harbor Asset Planning Inc. bought a new stake in NVIDIA during the second quarter valued at about $28,000. Winnow Wealth LLC acquired a new stake in NVIDIA in the second quarter worth about $32,000. Longfellow Investment Management Co. LLC boosted 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 worth $33,000 after acquiring an additional 67 shares in the last quarter. Spurstone Advisory Services LLC acquired a new stake in NVIDIA in the second quarter worth about $40,000. Finally, Kathleen S. Wright Associates Inc. boosted 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 worth $44,000 after acquiring an additional 254 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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