NVIDIA (NASDAQ:NVDA) Stock Price Expected to Rise, Arete Analyst Says

Key Points

• Investment analysts at Arete have raised NVIDIA's price target from $235.00 to $244.00, implying a potential upside of 33.71% from its current price.
• The stock has received "buy" ratings from multiple analysts, with a current consensus rating of "Moderate Buy" and an average target price of $214.15.
• NVIDIA reported a revenue of $46.74 billion in its last quarter, exceeding analysts' expectations and showing a year-over-year revenue increase of 55.6%.

NVIDIA (NASDAQ:NVDA - Get Free Report) had its price target hoisted by investment analysts at Arete from $235.00 to $244.00 in a report released on Tuesday,MarketScreener reports. The firm presently has a "buy" rating on the computer hardware maker's stock. Arete's price target suggests a potential upside of 33.71% from the company's current price.

NVDA has been the subject of a number of other reports. Wolfe Research lifted their price objective on shares of NVIDIA from $220.00 to $230.00 in a research report on Tuesday, September 23rd. New Street Research boosted their price objective on NVIDIA from $200.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, September 12th. Morgan Stanley lifted their price target on NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday, August 28th. Benchmark upped their price objective on NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Finally, BNP Paribas raised NVIDIA to a "hold" rating in a report on Friday, August 1st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $214.15.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $182.48 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The business has a 50-day moving average of $179.32 and a 200-day moving average of $151.57. The stock has a market capitalization of $4.43 trillion, a price-to-earnings ratio of 52.40, a PEG ratio of 1.32 and a beta of 2.12. NVIDIA has a fifty-two week low of $86.62 and a fifty-two week high of $195.62.

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, beating analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same period last year, the company earned $0.68 earnings per share. The business's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. As a group, sell-side analysts predict that NVIDIA will post 2.77 earnings per share for the current fiscal year.

Insider Activity at NVIDIA

In other news, CFO Colette Kress sold 30,500 shares of NVIDIA stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.40, for a total transaction of $5,380,200.00. Following the transaction, the chief financial officer owned 2,883,402 shares in the company, valued at approximately $508,632,112.80. The trade was a 1.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Friday, October 10th. The shares were sold at an average price of $190.20, for a total value of $14,265,000.00. Following the completion of the sale, the chief executive officer owned 70,558,203 shares of the company's stock, valued at $13,420,170,210.60. The trade was a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,753,937 shares of company stock worth $665,807,776. 4.17% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. acquired a new position in NVIDIA during the 2nd quarter valued at about $28,000. Winnow Wealth LLC bought a new stake in NVIDIA during the second quarter worth $32,000. Longfellow Investment Management Co. LLC lifted its stake in NVIDIA by 47.9% during the 2nd 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 in the last quarter. Spurstone Advisory Services LLC purchased a new position in NVIDIA during the 2nd quarter worth $40,000. Finally, Kathleen S. Wright Associates Inc. grew its stake in shares of NVIDIA by 169.3% in the 1st 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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