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A report released earlier today by RBC Capital about NVIDIA (NASDAQ:NVDA) raises the target price to $220.00

Only yesterday NVIDIA (NASDAQ:NVDA) traded 1.06% higher at $190.94. NVIDIA’s 50-day moving average is $173.78 and its 200-day moving average is $147.08. The last stock close price is up 29.82% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time period. 13,169,646 shares of NVIDIA exchanged hands, down from an average trading volume of 17,070,800

RBC Capital bumped up the stock price target of NVIDIA (NASDAQ:NVDA) to $220.00 reporting a possible upside of 0.15%.

Previously on 9/29/2017, Citigroup reported on NVIDIA (NASDAQ:NVDA) increased the target price from $185.00 to $210.00. At the time, this indicated a possible upside of 0.20%.

Performance Chart

NVIDIA (NASDAQ:NVDA)

NVIDIA has 52 week low of $63.70 and a 52 week high of $192.95 with a price-earnings ratio of 54.92 and has a total market value of $0.

A total of 18 brokerages have released a report on NVDA. Six analysts rating the company a strong buy, 7 brokerages rating the stock a buy, 12 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 brokers rating the stock a sell with a consensus target price of $42.00.

Brief Synopsis About NVIDIA (NASDAQ:NVDA)

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company's operates through two segments: GPU and Tegra Processor. The Company's GPU product brands are aimed at 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 Company's Tegra brand integrates an entire computer onto a single chip, and incorporates GPUs and multi-core central processing units (CPUs) to drive supercomputing for mobile gaming and entertainment devices, as well as autonomous robots, drones and cars. The Company's processor has created platforms that address four markets: Gaming, Professional Visualization, Datacenter, and Automotive. The Company's offerings include NVIDIA DGX AI supercomputer, the NVIDIA DRIVE AI car computing platform and the GeForce NOW cloud gaming service.

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