NVIDIA (NASDAQ:NVDA) Stock Price Expected to Rise, Melius Research Analyst Says

NVIDIA (NASDAQ:NVDA) had its target price increased by analysts at Melius Research from $300.00 to $320.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the computer hardware maker’s stock. Melius Research’s price objective would indicate a potential upside of 78.89% from the stock’s current price.

A number of other equities analysts also recently commented on NVDA. Craig Hallum lifted their price objective on shares of NVIDIA from $195.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Rothschild & Co Redburn raised their price target on shares of NVIDIA from $211.00 to $245.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. Truist Financial boosted their price objective on shares of NVIDIA from $210.00 to $228.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Susquehanna increased their price objective on shares of NVIDIA from $210.00 to $230.00 and gave the stock a “positive” rating in a research note on Thursday, November 13th. Finally, New Street Research restated a “buy” rating and issued a $307.00 target price on shares of NVIDIA in a research note on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, NVIDIA has an average rating of “Buy” and a consensus price target of $257.79.

NVIDIA Stock Performance

Shares of NVDA stock opened at $178.88 on Thursday. The stock has a market capitalization of $4.35 trillion, a price-to-earnings ratio of 50.96, 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’s 50-day simple moving average is $186.46 and its 200-day simple moving average is $168.03. 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 data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.07. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. During the same quarter in the prior year, the firm posted $0.81 earnings per share. NVIDIA’s revenue for the quarter was up 62.5% compared to the same quarter last year. NVIDIA has set its Q4 2026 guidance at EPS. Equities analysts anticipate that NVIDIA will post 2.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jen Hsun Huang sold 25,000 shares of NVIDIA stock in a transaction on Wednesday, October 29th. The stock was 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. The trade was a 0.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Colette Kress sold 27,640 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $208.33, for a total value of $5,758,241.20. Following the sale, the chief financial officer directly owned 2,828,122 shares in the company, valued at $589,182,656.26. This trade represents a 0.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,251,577 shares of company stock valued at $583,143,187 over the last 90 days. 4.17% of the stock is currently owned by insiders.

Institutional Trading of NVIDIA

Several institutional investors and hedge funds have recently bought and sold shares of NVDA. Joule Financial LLC raised its stake in NVIDIA by 2.2% during the 3rd quarter. Joule Financial LLC now owns 2,308 shares of the computer hardware maker’s stock valued at $431,000 after purchasing an additional 50 shares during the period. Vision Financial Markets LLC boosted its position in shares of NVIDIA by 1.2% in the third quarter. Vision Financial Markets LLC now owns 4,640 shares of the computer hardware maker’s stock worth $866,000 after buying an additional 53 shares during the period. Websterrogers Financial Advisors LLC grew its holdings in shares of NVIDIA by 2.6% during the third quarter. Websterrogers Financial Advisors LLC now owns 2,118 shares of the computer hardware maker’s stock valued at $395,000 after buying an additional 54 shares in the last quarter. IMG Wealth Management Inc. raised its position in NVIDIA by 1.4% during the third quarter. IMG Wealth Management Inc. now owns 3,820 shares of the computer hardware maker’s stock valued at $713,000 after buying an additional 54 shares during the period. Finally, Cyr Financial Inc. raised its position in NVIDIA by 0.7% during the third quarter. Cyr Financial Inc. now owns 7,737 shares of the computer hardware maker’s stock valued at $1,444,000 after buying an additional 54 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Company Profile

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.