Rosenblatt Securities Reaffirms "Buy" Rating for NVIDIA (NASDAQ:NVDA)

Key Points

• Rosenblatt Securities has reaffirmed a “Buy” rating for NVIDIA (NASDAQ: NVDA) and set a price target of $215.00, indicating a possible upside of 17.10% from its previous close.
• The stock has a consensus rating of “Moderate Buy” with 41 analysts giving it a Buy or Strong Buy rating, while the average target price is $208.76.
• NVIDIA reported a revenue growth of 55.6% year-over-year with $46.74 billion for the last quarter, surpassing analysts' expectations.

NVIDIA (NASDAQ:NVDA - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at Rosenblatt Securities in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $215.00 price target on the computer hardware maker's stock. Rosenblatt Securities' price objective points to a potential upside of 17.10% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the stock. Barclays reissued an "overweight" rating on shares of NVIDIA in a report on Monday. Wolfe Research upped their price target on shares of NVIDIA from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. JPMorgan Chase & Co. reaffirmed a "buy" rating and issued a $215.00 price target on shares of NVIDIA in a report on Friday. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $240.00 price target on shares of NVIDIA in a report on Thursday, August 28th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $200.00 price target on shares of NVIDIA 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 given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $208.76.

NVIDIA Trading Up 3.9%

NASDAQ:NVDA opened at $183.61 on Tuesday. 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 PE ratio of 52.31, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10. The firm's 50 day moving average is $176.12 and its 200 day moving average is $144.35. 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 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. During the same quarter in the previous year, the firm posted $0.68 EPS. NVIDIA's revenue was up 55.6% on a year-over-year basis. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts expect that NVIDIA will post 2.77 earnings per share for the current year.

Insider Activity at NVIDIA

In related 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 completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen C. Neal sold 28,000 shares of the 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 completion of the transaction, the director directly owned 143,410 shares of the company's stock, valued at approximately $25,466,747.80. The trade was a 16.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,109,874 shares of company stock valued at $698,280,697 in the last quarter. 4.17% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NVIDIA

Institutional investors and hedge funds have recently made changes to their positions in the business. Harbor Asset Planning Inc. bought a new position in shares of NVIDIA during the second quarter valued at approximately $28,000. Winnow Wealth LLC purchased a new stake in shares of NVIDIA during the second quarter valued at approximately $32,000. Longfellow Investment Management Co. LLC grew its holdings in shares of NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker's stock valued at $33,000 after buying an additional 67 shares during the last quarter. Spurstone Advisory Services LLC purchased a new stake in shares of NVIDIA during the second quarter valued at approximately $40,000. Finally, Kathleen S. Wright Associates Inc. grew its holdings in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock valued at $44,000 after buying an additional 254 shares during the last quarter. Institutional investors 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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