NVIDIA Corporation (NVDA) : Analyst Rating Update

NVIDIA Corporation (NVDA) : The consensus on NVIDIA Corporation (NVDA) based on 20 analyst recommendation on the company stock is 2.05, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 10 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. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

NVIDIA Corporation (NVDA) : 14 Wall Street analysts covering NVIDIA Corporation (NVDA) believe that the average level the stock could reach for the short term is $41.36. The maximum price target given is $58 and the minimum target for short term is around $13, hence the standard deviation is calculated at $13.56.

NVIDIA Corporation (NASDAQ:NVDA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.02 and $46.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.65, notching a gain of 0.63% for the day. The total traded volume was 6,827,594 . The stock had closed at $47.35 on the previous day.

Also, Brokerage firm Nomura upgrades its rating on NVIDIA Corporation (NASDAQ:NVDA). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 13, 2016. The company shares have rallied 140.97% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $48.54 and the one year low was seen on Jul 27, 2015. The 50-Day Moving Average price is $46.17 and the 200 Day Moving Average price is recorded at $36.00.

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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