In a report released today, Vivek Arya from Merrill Lynch maintained a Buy rating on Nvidia (NVDA), with a price target of $665.00. The company’s shares closed last Thursday at $529.86, close to its 52-week high of $589.07.
According to TipRanks.com, Arya is a top 100 analyst with an average return of 23.3% and a 67.4% success rate. Arya covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Skyworks Solutions, and NXP Semiconductors.
Currently, the analyst consensus on Nvidia is a Strong Buy with an average price target of $592.07, representing a 12.0% upside. In a report issued on November 16, Susquehanna also maintained a Buy rating on the stock with a $610.00 price target.
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The company has a one-year high of $589.07 and a one-year low of $180.68. Currently, Nvidia has an average volume of 12.94M.
Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is neutral on the stock. Most recently, in September 2020, Dawn Hudson, a Director at NVDA sold 48,000 shares for a total of $24,843,163.
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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. The GPU segment comprises of product brands, which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users. The Tegra Processor segment integrates an entire computer onto a single chip, and incorporates GPUs and multi-core CPUs to drive supercomputing for autonomous robots, drones, and cars, as well as for consoles and mobile gaming and entertainment devices. The company was founded by Jen-Hsun Huang, Chris A. Malachowsky, and Curtis R. Priem in January 1993 and is headquartered in Santa Clara, CA.
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