Oppenheimer analyst Rick Schafer maintained a Buy rating on Nvidia (NVDA) today and set a price target of $250. The company’s shares closed yesterday at $148.90, close to its 52-week low of $133.31.
According to TipRanks.com, Schafer is a 5-star analyst with an average return of 12.8% and a 62.8% success rate. Schafer covers the Consumer Goods sector, focusing on stocks such as Akoustis Technologies, Skyworks Solutions, and Texas Instruments.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nvidia with a $230.11 average price target, a 54.5% upside from current levels. In a report released yesterday, RBC Capital also maintained a Buy rating on the stock with a $230 price target.
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Nvidia’s market cap is currently $90.83B and has a P/E ratio of 19.88. The company has a Price to Book ratio of 9.59.
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock.
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.
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