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A report released today by Citigroup about NVIDIA (NASDAQ:NVDA) raises the target price to $180.00

NVIDIA (NASDAQ:NVDA) had its target price raised to $180.00 by Citigroup in a report issued 6/8/2017. The upped price target implies a potential upside of 0.21% based on the company's last closing price.

Previously on Wednesday May 31, 2017, Vetr Inc. reported on NVIDIA (NASDAQ:NVDA) increased the target price from $0.00 to $150.86. At the time, this indicated a possible upside of 0.04%.

Yesterday NVIDIA (NASDAQ:NVDA) traded 0.05% higher at $149.12. The company’s 50-day moving average is $175.31 and its 200-day moving average is $147.71. The last closing price is up 29.33% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time period. 13,207,315 shares of NVDA were exchanged, down from an average trading volume of 16,744,600

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NVIDIA (NASDAQ:NVDA)

NVIDIA has a 52 week low of $65.52 and a 52 week high of $193.09 with a P/E ratio of 54.94 The company’s market cap is currently $0.

In addition to Citigroup reporting its stock price target, a total of 18 brokers have issued a report on the company. The average stock price target is $42.00 with 6 brokers rating the stock a strong buy, 7 brokers rating the stock a buy, 12 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information 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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