NVIDIA (NASDAQ:NVDA) Stock Price Expected to Rise, Truist Financial Analyst Says

NVIDIA (NASDAQ:NVDA) had its target price raised by analysts at Truist Financial from $228.00 to $255.00 in a research note issued to investors on Thursday, MarketBeat reports. The brokerage currently has a “buy” rating on the computer hardware maker’s stock. Truist Financial’s price objective points to a potential upside of 31.55% from the stock’s previous close.

Several other research analysts have also weighed in on the company. Benchmark increased their target price on NVIDIA from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday. Stifel Nicolaus increased their price objective on shares of NVIDIA from $212.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday. Morgan Stanley lifted their target price on shares of NVIDIA from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Hsbc Global Res upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Finally, Citigroup raised their price objective on NVIDIA from $220.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday. Five equities research analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, NVIDIA presently has an average rating of “Buy” and an average price target of $253.72.

NVIDIA Trading Up 3.9%

NVDA stock traded up $7.32 during midday trading on Thursday, hitting $193.84. The stock had a trading volume of 76,552,151 shares, compared to its average volume of 224,419,719. The company’s 50-day moving average price is $186.37 and its 200 day moving average price is $167.48. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The firm has a market cap of $4.71 trillion, a PE ratio of 55.27, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. NVIDIA has a 12-month low of $86.62 and a 12-month high of $212.19.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The company had revenue of $57.01 billion for the quarter, compared to analyst estimates of $54.66 billion. During the same quarter in the prior year, the company posted $0.81 EPS. The business’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. On average, equities research analysts predict that NVIDIA will post 2.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $208.33, for a total value of $5,758,241.20. Following the completion of the sale, the chief financial officer owned 2,828,122 shares in the company, valued at approximately $589,182,656.26. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jen Hsun Huang sold 25,000 shares of the stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $207.91, for a total transaction of $5,197,750.00. Following the transaction, the chief executive officer owned 69,733,203 shares in the company, valued at $14,498,230,235.73. This trade represents a 0.04% 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 in the last three months. Corporate insiders own 4.17% of the company’s stock.

Hedge Funds Weigh In On NVIDIA

A number of hedge funds have recently bought and sold shares of NVDA. State Street Corp lifted its position in shares of NVIDIA by 1.0% in the 2nd quarter. State Street Corp now owns 978,208,862 shares of the computer hardware maker’s stock worth $154,556,803,000 after buying an additional 9,554,857 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of NVIDIA by 1.5% during the second quarter. Geode Capital Management LLC now owns 579,213,497 shares of the computer hardware maker’s stock valued at $91,150,170,000 after purchasing an additional 8,521,936 shares during the period. Kingstone Capital Partners Texas LLC lifted its holdings in NVIDIA by 267,959.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker’s stock worth $64,976,521,000 after purchasing an additional 382,231,120 shares during the period. Norges Bank bought a new position in NVIDIA in the 2nd quarter valued at about $51,386,863,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in NVIDIA by 2.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,794,926 shares of the computer hardware maker’s stock valued at $22,412,434,000 after buying an additional 5,896,735 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

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.