Brokerage Firm Rating Update on NVIDIA Corporation (NVDA)

NVIDIA Corporation (NVDA) : The consensus on NVIDIA Corporation (NVDA) based on 22 analyst recommendation on the company stock is 1.95, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 13 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

NVIDIA Corporation (NVDA) has been rated by 15 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $75 and the lowest price target forecast is $43. The average forecast of all the analysts is $61.93 and the expected standard deviation is $11.69.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Argus Research maintains its rating on NVIDIA Corporation (NASDAQ:NVDA). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Argus Research raises the price target from $54 per share to $72 per share. The rating by the firm was issued on August 15, 2016.

NVIDIA Corporation (NASDAQ:NVDA): stock was range-bound between the intraday low of $61.83 and the intraday high of $63.2285 after having opened at $62.92 on Wednesdays session. The stock finally closed in the red at $62.92, a loss of -1.47%. The stock remained in the red for the whole trading day. The total traded volume was 9,949,700 shares. The stock failed to cross $63.2285 in Wednesdays trading. The stocks closing price on Thursday was $63.12.

NVIDIA Corporation (NVIDIA) is engaged in visual computing, enabling individuals to interact with digital ideas, data and entertainment. The Company is engaged in creating NVIDIA-branded products and services, offering its processors to original equipment manufacturers (OEMs), and licensing its intellectual property. NVIDIA-branded products and services are visual computing platforms that address four markets: Gaming, Enterprise, High Performance Computing & Cloud, and Automotive. The Company operates in two segments: Graphics Processing Unit (GPU) and Tegra Processor. The Companys GPU product brands include GeForce for gamers; Quadro for designers; Tesla for researchers, learning and big-data analysts; and GRID for cloud-based visual computing users. The Companys Tegra processors are primarily designed to enable its branded platforms: DRIVE and SHIELD.

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