Mizuho Forecasts Strong Price Appreciation for NVIDIA (NASDAQ:NVDA) Stock

NVIDIA (NASDAQ:NVDA) had its target price lifted by stock analysts at Mizuho from $235.00 to $245.00 in a research note issued on Thursday. The firm presently has an “outperform” rating on the computer hardware maker’s stock. Mizuho’s target price indicates a potential upside of 31.35% from the company’s previous close.

A number of other research analysts also recently commented on NVDA. JPMorgan Chase & Co. increased their target price on shares of NVIDIA from $215.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday. President Capital lifted their target price on NVIDIA from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Rosenblatt Securities boosted their target price on NVIDIA from $215.00 to $240.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Melius Research set a $300.00 price target on NVIDIA in a research note on Wednesday, October 29th. Finally, S&P Equity Research reaffirmed a “positive” rating on shares of NVIDIA in a research report on Wednesday, October 22nd. Five analysts have rated the stock with a Strong Buy rating, forty-two have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of “Buy” and a consensus target price of $248.66.

NVIDIA Trading Up 2.8%

NVDA opened at $186.52 on Thursday. The business’s 50-day simple moving average is $186.37 and its 200-day simple moving average is $167.48. The company has a market cap of $4.53 trillion, a P/E ratio of 53.14, a PEG ratio of 1.49 and a beta of 2.11. NVIDIA has a one year low of $86.62 and a one year high of $212.19. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.60 and a current ratio of 4.21.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 EPS for the quarter, beating the consensus estimate of $1.23 by $0.07. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. During the same period in the prior year, the firm posted $0.81 earnings per share. The firm’s revenue was up 62.5% on a year-over-year basis. NVIDIA has set its Q4 2026 guidance at EPS. As a group, equities research analysts expect that NVIDIA will post 2.77 EPS for the current fiscal year.

Insider Buying and Selling at NVIDIA

In related news, CEO Jen Hsun Huang sold 25,000 shares of NVIDIA stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $207.91, for a total value of $5,197,750.00. Following the transaction, the chief executive officer directly owned 69,733,203 shares in the company, valued at $14,498,230,235.73. This trade represents a 0.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Colette Kress sold 27,640 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $208.33, for a total transaction of $5,758,241.20. Following the transaction, the chief financial officer owned 2,828,122 shares of the company’s stock, valued at approximately $589,182,656.26. The trade was a 0.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 3,251,577 shares of company stock valued at $583,143,187. Corporate insiders own 4.17% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

A number of hedge funds have recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. acquired a new position in shares of NVIDIA in the 2nd quarter worth approximately $28,000. Winnow Wealth LLC bought a new position in NVIDIA during the second quarter worth $32,000. Longfellow Investment Management Co. LLC boosted its holdings in NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after purchasing an additional 67 shares during the period. Spurstone Advisory Services LLC acquired a new stake in shares of NVIDIA during the second quarter worth $40,000. Finally, Kathleen S. Wright Associates Inc. lifted its position in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after buying an additional 254 shares during the last quarter. Institutional investors and hedge funds 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.