Nvidia (NVDA) Received its Third Buy in a Row
After Wells Fargo and Merrill Lynch gave Nvidia (NASDAQ: NVDA) a Buy rating last month, the company received another Buy, this time from Mizuho Securities. Analyst Vijay Rakesh reiterated a Buy rating on Nvidia today and set a price target of $230.00. The company’s shares closed last Monday at $209.79, close to its 52-week high of $211.86.
According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 20.9% and a 63.0% success rate. Rakesh covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Texas Instruments, and Cypress Semicon.
Currently, the analyst consensus on Nvidia is a Moderate Buy with an average price target of $205.83, representing a -1.5% downside. In a report issued on November 7, Raymond James also maintained a Buy rating on the stock with a $180.00 price target.
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The company has a one-year high of $211.86 and a one-year low of $124.46. Currently, Nvidia has an average volume of 8.55M.
Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NVDA in relation to earlier this year. Most recently, in August 2019, Dawn Hudson, a Director at NVDA sold 5,000 shares for a total of $858,650.
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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