Analysts’ Recent Ratings Changes for NVIDIA (NVDA)

Posted by Defense World Staff on Apr 19th, 2024

Several analysts have recently updated their ratings and price targets for NVIDIA (NASDAQ: NVDA):

4/16/2024 – NVIDIA is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $1,160.00 price target on the stock.
4/11/2024 – NVIDIA had its price target raised by analysts at Raymond James from $850.00 to $1,100.00. They now have a “strong-buy” rating on the stock.
4/10/2024 – NVIDIA had its price target raised by analysts at Morgan Stanley from $795.00 to $1,000.00. They now have an “overweight” rating on the stock.
4/8/2024 – NVIDIA had its price target raised by analysts at KeyCorp from $1,100.00 to $1,200.00. They now have an “overweight” rating on the stock.
4/4/2024 – NVIDIA had its “positive” rating reaffirmed by analysts at Susquehanna. They now have a $1,050.00 price target on the stock.
3/22/2024 – NVIDIA had its price target raised by analysts at UBS Group AG from $800.00 to $1,100.00. They now have a “buy” rating on the stock.
3/21/2024 – NVIDIA had its price target raised by analysts at TD Cowen from $900.00 to $1,100.00. They now have an “outperform” rating on the stock.
3/20/2024 – NVIDIA had its price target raised by analysts at Piper Sandler from $850.00 to $1,050.00. They now have an “overweight” rating on the stock.
3/20/2024 – NVIDIA had its price target raised by analysts at Oppenheimer Holdings Inc. from $850.00 to $1,100.00. They now have an “outperform” rating on the stock.
3/20/2024 – NVIDIA had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $720.00 to $850.00. They now have a “hold” rating on the stock.
3/20/2024 – NVIDIA had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $910.00 price target on the stock.
3/20/2024 – NVIDIA had its price target raised by analysts at Argus from $850.00 to $950.00. They now have a “buy” rating on the stock.
3/20/2024 – NVIDIA had its price target raised by analysts at The Goldman Sachs Group, Inc. from $875.00 to $1,000.00. They now have a “buy” rating on the stock.
3/20/2024 – NVIDIA had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $1,000.00 price target on the stock.
3/20/2024 – NVIDIA had its price target raised by analysts at Citigroup Inc. from $820.00 to $1,030.00. They now have a “buy” rating on the stock.
3/19/2024 – NVIDIA had its price target raised by analysts at Susquehanna from $850.00 to $1,050.00. They now have a “positive” rating on the stock.
3/19/2024 – NVIDIA had its “overweight” rating reaffirmed by analysts at KeyCorp. They now have a $1,100.00 price target on the stock.
3/19/2024 – NVIDIA had its price target raised by analysts at Wells Fargo & Company from $840.00 to $970.00. They now have an “overweight” rating on the stock.
3/19/2024 – NVIDIA had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $1,000.00 price target on the stock.
3/18/2024 – NVIDIA had its price target raised by analysts at HSBC Holdings plc from $880.00 to $1,050.00. They now have a “buy” rating on the stock.
3/18/2024 – NVIDIA had its price target raised by analysts at Truist Financial Co. from $911.00 to $1,177.00. They now have a “buy” rating on the stock.
3/13/2024 – NVIDIA had its price target raised by analysts at Bank of America Co. from $925.00 to $1,100.00. They now have a “buy” rating on the stock.
3/7/2024 – NVIDIA had its price target raised by analysts at Mizuho from $850.00 to $1,000.00. They now have a “buy” rating on the stock.
3/6/2024 – NVIDIA is now covered by analysts at CICC Research. They set an “outperform” rating and a $870.00 price target on the stock.
3/4/2024 – NVIDIA had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $900.00 price target on the stock.
2/29/2024 – NVIDIA had its price target raised by analysts at Tigress Financial from $790.00 to $985.00. They now have a “buy” rating on the stock.
2/22/2024 – NVIDIA had its price target raised by analysts at JPMorgan Chase & Co. from $650.00 to $850.00. They now have an “overweight” rating on the stock.
2/22/2024 – NVIDIA had its price target raised by analysts at KeyCorp from $740.00 to $1,100.00. They now have an “overweight” rating on the stock.
2/22/2024 – NVIDIA had its price target raised by analysts at Morgan Stanley from $750.00 to $795.00. They now have an “overweight” rating on the stock.
2/22/2024 – NVIDIA had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $850.00 price target on the stock.
2/22/2024 – NVIDIA had its price target raised by analysts at Wedbush from $800.00 to $850.00. They now have an “outperform” rating on the stock.
2/22/2024 – NVIDIA had its price target raised by analysts at Wolfe Research from $630.00 to $900.00. They now have an “outperform” rating on the stock.
2/22/2024 – NVIDIA had its price target raised by analysts at Sanford C. Bernstein from $700.00 to $1,000.00. They now have an “outperform” rating on the stock.
2/22/2024 – NVIDIA had its price target raised by analysts at TD Cowen from $700.00 to $900.00. They now have an “outperform” rating on the stock.
2/22/2024 – NVIDIA had its price target raised by analysts at DA Davidson from $410.00 to $620.00. They now have a “neutral” rating on the stock.
2/22/2024 – NVIDIA had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $560.00 to $720.00. They now have a “hold” rating on the stock.
2/22/2024 – NVIDIA had its price target raised by analysts at Craig Hallum from $700.00 to $850.00. They now have a “buy” rating on the stock.
2/22/2024 – NVIDIA had its price target raised by analysts at Jefferies Financial Group Inc. from $610.00 to $780.00. They now have a “buy” rating on the stock.
2/22/2024 – NVIDIA had its price target raised by analysts at Argus from $600.00 to $850.00. They now have a “buy” rating on the stock.
2/22/2024 – NVIDIA had its price target raised by analysts at Needham & Company LLC from $600.00 to $850.00. They now have a “buy” rating on the stock.
2/22/2024 – NVIDIA had its price target raised by analysts at The Goldman Sachs Group, Inc. from $800.00 to $875.00. They now have a “buy” rating on the stock.
2/22/2024 – NVIDIA had its price target raised by analysts at HSBC Holdings plc from $835.00 to $880.00. They now have a “buy” rating on the stock.
2/22/2024 – NVIDIA had its price target raised by analysts at Citigroup Inc. from $575.00 to $820.00. They now have a “buy” rating on the stock.
2/22/2024 – NVIDIA had its price target raised by analysts at Stifel Nicolaus from $865.00 to $910.00. They now have a “buy” rating on the stock.
2/22/2024 – NVIDIA had its price target raised by analysts at Bank of America Co. from $800.00 to $925.00. They now have a “buy” rating on the stock.
2/22/2024 – NVIDIA had its price target raised by analysts at Mizuho from $825.00 to $850.00. They now have a “buy” rating on the stock.
2/22/2024 – NVIDIA had its price target raised by analysts at Benchmark Co. from $625.00 to $1,000.00. They now have a “buy” rating on the stock.
2/22/2024 – NVIDIA had its price target raised by analysts at Truist Financial Co. from $691.00 to $911.00. They now have a “buy” rating on the stock.
2/22/2024 – NVIDIA had its price target lowered by analysts at UBS Group AG from $850.00 to $800.00. They now have a “buy” rating on the stock.
2/20/2024 – NVIDIA had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $900.00 price target on the stock, up previously from $775.00.
2/20/2024 – NVIDIA had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $1,100.00 price target on the stock.

NVIDIA Stock Performance

NASDAQ NVDA opened at $846.71 on Friday. The stock has a market cap of $2.12 trillion, a P/E ratio of 70.91, a PEG ratio of 1.26 and a beta of 1.73. The company’s 50-day simple moving average is $843.90 and its 200 day simple moving average is $620.05. NVIDIA Co. has a twelve month low of $262.25 and a twelve month high of $974.00. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20.

NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. The business had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm’s revenue for the quarter was up 265.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 earnings per share. As a group, research analysts forecast that NVIDIA Co. will post 22.45 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 annualized dividend and a yield of 0.02%. NVIDIA’s dividend payout ratio is 1.34%.

Insiders Place Their Bets

In other NVIDIA news, Director John Dabiri sold 128 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $940.00, for a total transaction of $120,320.00. Following the sale, the director now directly owns 2,055 shares of the company’s stock, valued at $1,931,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Mark A. Stevens sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the sale, the director now owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John Dabiri sold 128 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $940.00, for a total transaction of $120,320.00. Following the completion of the sale, the director now directly owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is currently owned by insiders.

Institutional Trading of NVIDIA

A number of hedge funds and other institutional investors have recently modified their holdings of NVDA. Moody Lynn & Lieberson LLC boosted its position in shares of NVIDIA by 7.2% during the third quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock worth $38,737,000 after purchasing an additional 5,998 shares in the last quarter. TrueMark Investments LLC acquired a new stake in shares of NVIDIA during the fourth quarter worth $2,639,000. McLean Asset Management Corp raised its holdings in shares of NVIDIA by 11.7% during the fourth quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock worth $871,000 after acquiring an additional 186 shares during the period. Shilanski & Associates Inc. raised its holdings in shares of NVIDIA by 15.9% during the fourth quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker’s stock worth $1,477,000 after acquiring an additional 410 shares during the period. Finally, WealthPLAN Partners LLC raised its holdings in shares of NVIDIA by 14.3% during the fourth quarter. WealthPLAN Partners LLC now owns 7,938 shares of the computer hardware maker’s stock worth $3,931,000 after acquiring an additional 996 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

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.