NVIDIA's (NVDA) Buy Rating Reaffirmed at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has reissued a "buy" rating for NVIDIA, with a price target of $215.00, which implies a 22.11% potential upside from the current stock price.
• NVIDIA's shares closed at $176.07, reflecting a recent trading drop, while the stock has a 52-week high of $184.48 and a low of $86.62.
• The company reported a 55.6% year-over-year revenue increase, totaling $46.74 billion for the quarter, surpassing analysts' estimates.

NVIDIA (NASDAQ:NVDA - Get Free Report)'s stock had its "buy" rating restated by research analysts at JPMorgan Chase & Co. in a report released on Friday,MarketScreener Latest Ratings reports. They presently have a $215.00 price target on the computer hardware maker's stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 17.10% from the stock's previous close.

Several other equities research analysts also recently commented on NVDA. Jefferies Financial Group reaffirmed a "buy" rating on shares of NVIDIA in a research note on Friday, September 12th. Stifel Nicolaus upped their target price on shares of NVIDIA from $202.00 to $212.00 and gave the company a "buy" rating in a research note on Monday, August 25th. KeyCorp reiterated an "overweight" rating and issued a $230.00 price target (up previously from $215.00) on shares of NVIDIA in a report on Thursday, August 28th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $225.00 price target (up previously from $185.00) on shares of NVIDIA in a report on Thursday, August 28th. Finally, Rosenblatt Securities increased their price objective on NVIDIA from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Four research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and a consensus target price of $208.47.

NVIDIA Trading Up 3.9%

Shares of NVDA traded up $6.94 on Friday, reaching $183.61. 268,372,112 shares of the company's stock were exchanged, compared to its average volume of 180,339,776. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $4.46 trillion, a P/E ratio of 52.12, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10. The business has a 50 day moving average price of $175.73 and a two-hundred day moving average price of $143.85. NVIDIA has a 12 month low of $86.62 and a 12 month high of $184.55.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. NVIDIA's revenue for the quarter was up 55.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Research analysts anticipate that NVIDIA will post 2.77 earnings per share for the current year.

Insider Activity

In other news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $176.42, for a total value of $13,231,500.00. Following the transaction, the chief executive officer directly owned 71,683,203 shares of the company's stock, valued at $12,646,350,673.26. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen C. Neal sold 28,000 shares of the firm's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $177.58, for a total transaction of $4,972,240.00. Following the sale, the director owned 143,410 shares of the company's stock, valued at approximately $25,466,747.80. This represents a 16.34% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,914,341 shares of company stock valued at $662,228,310. 4.17% of the stock is owned by insiders.

Institutional Trading of NVIDIA

Hedge funds have recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC boosted its position in shares of NVIDIA by 267,959.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock worth $64,976,521,000 after acquiring an additional 382,231,120 shares in the last quarter. Norges Bank acquired a new stake in shares of NVIDIA during the 2nd quarter worth approximately $51,386,863,000. Nuveen LLC acquired a new stake in shares of NVIDIA during the 1st quarter worth approximately $15,089,414,000. Goldman Sachs Group Inc. boosted its position in shares of NVIDIA by 123.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after acquiring an additional 103,889,872 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of NVIDIA by 12,173.2% during the 1st quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after acquiring an additional 48,439,859 shares in the last quarter. Institutional investors and hedge funds 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.