NVIDIA Rating Increased to Buy at Nomura (NVDA)
Shares of NVIDIA traded down 0.72% during mid-day trading on Monday, hitting $12.38. NVIDIA has a one year low of $11.47 and a one year high of $20.52. The company has a market cap of $7.626 billion and a P/E ratio of 13.27.
NVIDIA last issued its quarterly earnings data on Wednesday, February 15th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.02. NVIDIA’s revenue was up 7.5% compared to the same quarter last year. On average, analysts predict that NVIDIA will post $0.14 earnings per share next quarter.
A number of other firms have also recently commented on NVDA. Analysts at Needham & Company reiterated a “buy” rating on shares of NVIDIA in a research note to investors on Wednesday, April 11st. Separately, analysts at RBC Capital (NYSE: RY) initiated coverage on shares of NVIDIA in a research note to investors on Wednesday, April 11st. They set an “outperform” rating on the stock. Finally, analysts at Cantor Fitzgerald initiated coverage on shares of NVIDIA in a research note to investors on Wednesday, April 4th. They set a “buy” rating and a $20.00 price target on the stock.
NVIDIA Corporation (NVIDIA) is a provider of visual computing technologies and the inventor of the graphics processing unit (GPU).