Nvidia’s stock received a price target boost from Barclays, increasing from $850.00 to $1,100.00. Several other analysts also reiterated their buy ratings and raised their price targets on Nvidia stock. Currently, the company has a consensus Moderate Buy rating and a price target of $1,002.18.
Nvidia’s stock price rose by 2.5% and opened at $947.80 on Monday. The company has a market capitalization of $2.33 trillion with a one-year low of $298.06 and a high of $974.00. In the latest earnings report, Nvidia exceeded expectations with earnings per share of $5.16, compared to the consensus estimate of $4.21. Analysts anticipate that Nvidia will post earnings per share of 22.9 for the current year.
Additionally, Nvidia recently announced a quarterly dividend, paying shareholders $0.04 per share. Insiders, including Donald F. Robertson, Jr. and Mark Stevens, have sold shares of Nvidia stock in recent transactions. Hedge funds and institutional investors have also made changes to their stock positions, with 65.27% of shares owned by these entities.
Nvidia Corporation provides graphics, computing, and networking solutions globally. The company offers a range of products and services, including GPUs for gaming, enterprise workstation graphics, cloud-based computing, automotive platforms, and software for creating 3D applications and metaverse concepts.
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