Needham & Company Reaffirms Buy Rating on NVIDIA (NVDA)

By admin | 6 years ago

NVIDIA (NASDAQ: NVDA)‘s stock had its “buy” rating restated by analysts at Needham & Company in a research report issued to clients and investors on Wednesday.

A number of other analysts have also recently weighed in on NVDA. Analysts at Morgan Stanley (NYSE: MS) initiated coverage on shares of NVIDIA in a research note to investors on Thursday, May 31st. They set an “equalweight” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of NVIDIA in a research note to investors on Friday, May 25th. Finally, analysts at ThinkEquity cut their price target on shares of NVIDIA to $14.00 in a research note to investors on Friday, May 25th. They now have a “hold” rating on the stock.

Shares of NVIDIA traded down 1.45% during mid-day trading on Wednesday, hitting $12.2101. NVIDIA has a one year low of $11.47 and a one year high of $17.60. The company has a market cap of $7.556 billion and a P/E ratio of 15.13.

NVIDIA Corporation (NVIDIA) is engaged in creating the graphics chips used in personal computers (PCs).

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