Needham & Company Reaffirms Buy Rating on NVIDIA (NVDA)

By admin | 6 years ago

NVIDIA (NASDAQ: NVDA)‘s stock had its “buy” rating reiterated by investment analysts at Needham & Company in a note issued to investors on Friday.

Shares of NVIDIA traded up 2.39% during mid-day trading on Friday, hitting $12.40. NVIDIA has a 52 week low of $11.47 and a 52 week high of $20.52. The company has a market cap of $7.673 billion and a P/E ratio of 14.79.

NVDA has been the subject of a number of other recent research reports. Analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of NVIDIA in a research note to investors on Thursday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of NVIDIA in a research note to investors on Tuesday, May 15th. They now have a $14.00 price target on the stock. Finally, analysts at Jefferies Group (NYSE: JEF) reiterated a “hold” rating on shares of NVIDIA in a research note to investors on Monday, May 14th.

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

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