Rosenblatt Securities has reconfirmed their buy rating on Nvidia (NASDAQ:NVDA), setting a price target of $1,400.00 on the computer hardware company’s shares. Other analysts have also recently shared their perspectives on NVDA, with several raising their price targets and giving buy ratings.
Nvidia’s recent earnings results have been positive, with the company surpassing analysts’ expectations with earnings per share of $5.16 for the quarter. The company’s revenue for the quarter was $22.10 billion, exceeding analysts’ forecasts. Looking ahead, research analysts anticipate that Nvidia will post earnings per share of 22.9 for the current year.
The company recently announced a quarterly dividend, with shareholders receiving $0.04 per share. In terms of insider trading, Director Mark Stevens and insider Donald F. Robertson, Jr. have sold significant amounts of the company’s stock in separate transactions.
Large investors have also made moves in relation to Nvidia, with notable purchases of the company’s stock. Currently, institutional investors hold 65.27% of the capital.
Nvidia Corporation provides graphics, computing, and networking solutions globally, catering to various sectors including gaming, enterprise workstations, cloud-based computing, automotive platforms, and more.
Overall, analysts have shown positive sentiment towards Nvidia, with a majority giving buy ratings on the stock. The company’s average rating is “Moderate Buy” with an average price target of $1,002.18.
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https://www.defenseworld.net/2024/05/21/nvidia-nasdaqnvda-stock-rating-reaffirmed-by-rosenblatt-securities.html
