In a report released yesterday, Vivek Arya from Merrill Lynch reiterated a Buy rating on Nvidia (NASDAQ: NVDA), with a price target of $340. The company’s shares closed yesterday at $257.44, close to its 52-week high of $269.20.
According to TipRanks.com, Arya is a 5-star analyst with an average return of 19.2% and a 57.9% success rate. Arya covers the Consumer Goods sector, focusing on stocks such as Advanced Micro Devices, Integrated Device Tech, and Lam Research.
Nvidia has an analyst consensus of Moderate Buy, with a price target consensus of $290.10, representing a 12.7% upside. In a report issued on August 8, Goldman Sachs also maintained a Buy rating on the stock with a $324 price target.
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The company has a one-year high of $269.20 and a one-year low of $157.37. Currently, Nvidia has an average volume of 9.29M.
Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2018, Ajay Puri, the EVP, Worldwide Field Ops of NVDA sold 4,643 shares for a total of $1,237,499.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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