Rosenblatt Securities Believes Nvidia (NVDA) Still Has Room to Grow

In a report released yesterday, Hans Mosesmann from Rosenblatt Securities maintained a Buy rating on Nvidia (NVDA), with a price target of $650.00. The company’s shares closed last Tuesday at $539.39, close to its 52-week high of $589.07.

According to, Mosesmann is a top 100 analyst with an average return of 26.8% and a 70.1% success rate. Mosesmann covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Texas Instruments, and Monolithic Power.

Currently, the analyst consensus on Nvidia is a Moderate Buy with an average price target of $596.65, implying an 8.5% upside from current levels. In a report issued on January 4, RBC Capital 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 7.81M.

Based on the recent corporate insider activity of 75 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.

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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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