Mizuho Securities Sticks to Their Buy Rating for Nvidia (NVDA)

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.

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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.

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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.

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