Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on Nvidia (NVDA) on March 11 and set a price target of $195. The company’s shares closed yesterday at $162.52.
Rakesh said:
“We are at the NVDA analyst day and GTC March 18-19.”
According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 20.7% and a 61.4% success rate. Rakesh covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Texas Instruments, and Western Digital.
Currently, the analyst consensus on Nvidia is a Moderate Buy with an average price target of $186.08, which is a 14.5% upside from current levels. In a report issued on March 11, Oppenheimer also assigned a Buy rating to the stock with a $190 price target.
See today’s analyst top recommended stocks >>
Based on Nvidia’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $2.21 billion and net profit of $567 million. In comparison, last year the company earned revenue of $2.91 billion and had a net profit of $1.12 billion.
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.
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments.
Read More on NVDA:
