Nvidia Inc. (NVDA:NSD) 19 Analysts Boost Targets on Earnings Beat Amid Stock Surge!

Nvidia Surges After Company Proclaims AI Has Hit 'Tipping Point'

Analyst Ratings Coverage

After NVIDIA Corporation’s positive earnings report, Analysts have responded by adjusting their targets on the stock:

    1. Piper Jaffray Companies: They have a “B” rating with an 84% confidence level. Piper Jaffray Companies maintains an “Overweight” recommendation for NVIDIA’s stock. They have revised their target price from USD 300 to USD 440.
    2. UBS: UBS holds a “C” rating with a 73% confidence level. They maintain a “Buy” recommendation for NVIDIA’s stock and have set a target price range of USD 315 to USD 475.
    3. BMO Capital Markets: They have a “C-” rating with a 72% confidence level. BMO Capital Markets maintains a “Cautious” rating on NVIDIA’s stock, but they have raised their target price range from USD 350 to USD 450.
    4. Bank of America Merrill Lynch: They hold a “C” rating with a 75% confidence level. Bank of America Merrill Lynch maintains a “Buy” recommendation for NVIDIA’s stock. They have raised the target price range from USD 340 to USD 450.
    5. Jefferies & Company: They have a “D” rating with a 65% confidence level. Jefferies & Company maintains a “Buy” recommendation for NVIDIA’s stock and has lifted the target price from USD 300 to USD 472.
    6. Evercore ISI: They hold an “F” rating with a 55% confidence level. Evercore ISI maintains an “Outperform” recommendation for NVIDIA’s stock and has set a target price of USD 500, up from USD 320.
    7. Barclays: They hold an “A-” rating with a 92% confidence level. Barclays maintains an “Overweight” recommendation for NVIDIA’s stock and has upped the target price range from USD 275 to USD 500.
    8. Sanford C. Bernstein & Co.: They have an “F” rating with a 57% confidence level. Sanford C. Bernstein & Co. maintains an “Outperform” recommendation for NVIDIA’s stock and has set a target price from USD 300 to USD 475.
    9. Robert W. Baird & Co.: They hold an “F” rating with a 53% confidence level. Robert W. Baird & Co. has upgraded their recommendation from “Neutral” to “Outperform” for NVIDIA’s stock. They have lifted the target price of USD 300 to USD 475.
    10. Morgan Stanley & Co.: They hold an “A” rating with a 96% confidence level. Morgan Stanley & Co. maintains an “Overweight” recommendation for NVIDIA’s stock and has set a target price of USD 450, up from $304.
    11. Rosenblatt Securities: They hold an “A” rating with a 95% confidence level. Rosenblatt Securities maintains a “Buy” recommendation for NVIDIA’s stock and has set a target price of USD 600, up from $320.
    12. TD Cowen: TD Cowen maintained the “Outperform” recommendation for NVIDIA’s stock and have raised the target price from USD 300 to USD 500.
    13. Truist Financial: They hold a “D” rating with a 63% confidence level. Truist Financial maintains a “Buy” recommendation for NVIDIA’s stock and has set a target price of USD 470, up from USD 322.
    14. Mizuho Securities: They hold an “A-” rating with a 91% confidence level. Mizuho Securities maintains a “Buy” recommendation for NVIDIA’s stock and has set a target price range of USD 400, up from $290
    15. Raymond James: Maintains Strong Buy rating with a price target range of USD 290 to USD 450. This indicates a positive outlook on the stock’s performance.
    16. Craig-Hallum Capital Group: Upgraded the rating to Buy with a target price of USD 500. This suggests a strong belief in the stock’s potential for growth.
    17. Deutsche Bank: Maintains Hold rating with a price target of USD 390, up from $220. The Hold rating suggests a neutral stance on the stock’s performance.
    18. UBS: Maintains Buy rating with a price target of USD 475, up from USD 315. The Buy rating suggests a positive sentiment towards the stock.
    19. Susquehanna International Group: Maintains Positive rating with a price target of USD 450 from USD 350.. The Positive rating suggests a favorable outlook for the stock’s performance.

NVDA Ratings by Stock Target Advisor

NVDA Stock Price Forecast & Analysis

According to the NVIDIA Corporation stock forecast from 41 analysts, the average analyst target price for the company is USD 316.94 over the next 12 months. This suggests that analysts expect the stock to increase in value from its current price. The average analyst rating for NVIDIA Corporation is Strong Buy, indicating a positive sentiment among analysts regarding the company’s future performance.

 Stock Target Advisor’s own stock analysis of NVIDIA Corporation is Slightly Bearish. This analysis is based on 6 positive signals and 9 negative signals. It’s important to note that this analysis may differ from the overall analyst consensus and reflects the specific methodology and criteria used by Stock Target Advisor.

At the last closing, NVIDIA Corporation’s stock price was USD 305.38. Over the past week, the stock price has increased by +1.19%, showing a modest positive movement in the short term. Looking at a longer time frame, over the past month, the stock price has risen by +12.93%, indicating a significant upward trend. Over the last year, the stock price has experienced a substantial increase of +89.04%, demonstrating strong long-term growth.

 

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