NVIDIA (NASDAQ:NVDA) Receives "Outperform" Rating from Wedbush

Key Points

• NVIDIA has received an "outperform" rating from Wedbush, which set a price target of $210.00, indicating a potential upside of 15.64% from its current price.
• Other analysts, including Morgan Stanley and Wells Fargo, have also raised their price targets, with a range of $206.00 to $225.00, showing general optimism for the stock.
• Insider trading shows significant selling by executives, with a total of 5.9 million shares sold in the last 90 days, suggesting a shift in insider confidence.

NVIDIA (NASDAQ:NVDA - Get Free Report)'s stock had its "outperform" rating restated by stock analysts at Wedbush in a note issued to investors on Thursday,Benzinga reports. They presently have a $210.00 price objective on the computer hardware maker's stock. Wedbush's target price suggests a potential upside of 15.64% from the stock's current price. Wedbush also issued estimates for NVIDIA's Q2 2026 earnings at $0.93 EPS, Q3 2026 earnings at $1.10 EPS, Q4 2026 earnings at $1.23 EPS and FY2026 earnings at $4.01 EPS.

Several other equities research analysts have also commented on NVDA. Morgan Stanley reaffirmed an "overweight" rating and issued a $206.00 price target (up from $200.00) on shares of NVIDIA in a report on Monday, August 18th. Wells Fargo & Company lifted their target price on shares of NVIDIA from $185.00 to $220.00 and gave the company an "overweight" rating in a report on Monday, August 11th. Robert W. Baird raised their price target on shares of NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a research report on Monday. Barclays upped their target price on shares of NVIDIA from $170.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday, June 17th. Finally, Benchmark upped their target price on shares of NVIDIA from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday. Four analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and an average target price of $199.11.

NVIDIA Trading Down 0.1%

NVDA opened at $181.60 on Thursday. NVIDIA has a 12 month low of $86.62 and a 12 month high of $184.48. The stock has a 50-day moving average of $169.53 and a 200 day moving average of $138.41. The firm has a market cap of $4.43 trillion, a P/E ratio of 58.58, a P/E/G ratio of 1.59 and a beta of 2.14. The company has a current ratio of 3.39, a quick ratio of 2.96 and a debt-to-equity ratio of 0.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted 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). The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 51.69% and a return on equity of 105.09%. The business's revenue was up 69.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 EPS. As a group, research analysts forecast that NVIDIA will post 2.77 EPS for the current year.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 935,000 shares of NVIDIA stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the transaction, the director directly owned 9,214,697 shares of the company's stock, valued at $1,298,535,101.24. This trade represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ajay K. Puri sold 168,195 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the sale, the executive vice president directly owned 4,018,547 shares of the company's stock, valued at $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,912,440 shares of company stock valued at $902,886,782. Company insiders own 4.17% of the company's stock.

Institutional Investors Weigh In On NVIDIA

Hedge funds have recently made changes to their positions in the company. FMR LLC increased its holdings in NVIDIA by 0.7% during the fourth quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock worth $134,877,735,000 after buying an additional 6,665,252 shares during the last quarter. State Street Corp lifted its stake in NVIDIA by 1.0% during the 2nd quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker's stock valued at $154,556,803,000 after acquiring an additional 9,554,857 shares in the last quarter. Geode Capital Management LLC boosted its stake in NVIDIA by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker's stock worth $91,150,170,000 after purchasing an additional 8,521,936 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of NVIDIA by 0.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock valued at $55,237,367,000 after acquiring an additional 3,721,331 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC increased its stake in NVIDIA by 267,959.7% in 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 purchasing an additional 382,231,120 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

About NVIDIA

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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