Nvidia (NASDAQ: NVDA) has seen its price target raised by Susquehanna from $1,050.00 to $1,100.00, with a positive rating on the stock. Other research firms have also provided positive ratings and increased price targets for NVIDIA, with a consensus rating of Moderate Buy and an average price target of $1,002.18. The company’s recent quarterly earnings report exceeded expectations, with earnings of $5.16 per share and revenue of $22.10 billion. Additionally, NVIDIA announced a quarterly dividend and saw internal transactions involving insider selling of company stock.
In terms of operations, NVIDIA experienced a 2.5% increase, and its stock opened at $947.80 on Monday. The company has a strong financial position with a quick ratio of 3.67, a current ratio of 4.17, and a market capitalization of $2.33 trillion. NVIDIA’s stock has a 50-day moving average of $884.78 and a 200-day moving average of $691.03, reflecting strong performance in the market.
Insider transactions at NVIDIA include the sale of company stock by Donald F. Robertson, Jr. and Mark Stevens, with a total value of $52,689,898 during the last quarter. Institutional investors have also shown interest in NVIDIA, with companies like Wealthspire Advisors LLC and Grand Alliance Asset Management Ltd increasing their holdings in the company.
NVIDIA Corporation, known for its graphics, computing, and networking solutions, offers a range of products including GeForce GPUs, NVIDIA RTX GPUs, automotive platforms, and Omniverse software. The company continues to innovate in the technology sector and is well-positioned for future growth.
Overall, NVIDIA remains a strong player in the tech industry, with positive ratings from analysts, strong financial performance, and ongoing innovation in its product offerings. Investors and analysts are optimistic about the company’s potential for continued growth and success in the market.
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https://www.defenseworld.net/2024/05/21/nvidia-nasdaqnvda-price-target-raised-to-1100-00.html
