Evercore ISI Raises NVIDIA (NASDAQ:NVDA) Price Target to $214.00

NVIDIA (NASDAQ:NVDA) had its target price increased by analysts at Evercore ISI from $190.00 to $214.00 in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm presently has an “outperform” rating on the computer hardware maker’s stock. Evercore ISI’s target price indicates a potential upside of 20.23% from the stock’s previous close.

Several other equities analysts have also issued reports on NVDA. BNP Paribas raised NVIDIA to a “hold” rating in a report on Friday, August 1st. Loop Capital upped their target price on NVIDIA from $175.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, June 25th. Raymond James Financial upped their target price on NVIDIA from $150.00 to $165.00 and gave the company a “strong-buy” rating in a report on Thursday, May 29th. Barclays upped their target price on NVIDIA from $170.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, June 17th. Finally, Needham & Company LLC upped their target price on NVIDIA from $160.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.44.

NVIDIA Stock Performance

Shares of NVDA opened at $177.99 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.96 and a current ratio of 3.39. The stock has a 50 day moving average price of $167.35 and a two-hundred day moving average price of $137.40. The firm has a market capitalization of $4.34 trillion, a P/E ratio of 57.42, a P/E/G ratio of 1.56 and a beta of 2.14. NVIDIA has a 52 week low of $86.62 and a 52 week high of $184.48.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.The business’s revenue for the quarter was up 69.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 earnings per share. NVIDIA has set its Q2 2026 guidance at EPS. Equities analysts forecast that NVIDIA will post 2.77 earnings per share for the current fiscal year.

Insider Transactions at NVIDIA

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.54, for a total transaction of $11,440,500.00. Following the sale, the chief executive officer owned 75,548,225 shares in the company, valued at $11,524,126,241.50. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total value of $25,673,284.80. Following the sale, the executive vice president owned 4,018,547 shares in the company, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,912,440 shares of company stock valued at $902,886,782 in the last three months. 4.17% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NVIDIA

Several institutional investors have recently made changes to their positions in the stock. Carter Financial Group INC. purchased a new stake in shares of NVIDIA during the second quarter worth $4,266,000. Cim Investment Management Inc. raised its position in shares of NVIDIA by 99.7% in the second quarter. Cim Investment Management Inc. now owns 219,321 shares of the computer hardware maker’s stock worth $32,046,000 after buying an additional 109,503 shares in the last quarter. Pathway Financial Advisers LLC raised its position in shares of NVIDIA by 7.3% in the second quarter. Pathway Financial Advisers LLC now owns 15,415 shares of the computer hardware maker’s stock worth $2,435,000 after buying an additional 1,046 shares in the last quarter. Clarion Wealth Managment Partners LLC purchased a new stake in shares of NVIDIA in the second quarter worth $941,000. Finally, Thompson Davis & CO. Inc. raised its position in shares of NVIDIA by 8.3% in the second quarter. Thompson Davis & CO. Inc. now owns 5,569 shares of the computer hardware maker’s stock worth $880,000 after buying an additional 427 shares in the last quarter. Hedge funds and other 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.