A statement released earlier today by Vetr Inc. about NVIDIA Corporation (NASDAQ:NVDA) bumps the target price to $65.46
- Updated: October 16, 2016
NVIDIA Corporation (NASDAQ:NVDA) had its stock price target increased to $65.46 by Vetr Inc. in a report released 10/17/2016. The new target suggests a potential downside of -0.01% based on the company's last stock close price.
On 10/11/2016, Vetr Inc. released a statement for NVIDIA Corporation (NASDAQ:NVDA) bumped up the target price from $0.00 to $69.40. At the time, this indicated a possible upside of 0.05%.
Only yesterday NVIDIA Corporation (NASDAQ:NVDA) traded 0.98% higher at $65.99. The company’s 50-day moving average is $64.34 and its 200-day average is $51.04. With the last close up 29.28% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Trade Volume was down over the average, with 8,265,851 shares of NVDA changing hands under the typical 9,694,810
NVIDIA Corporation has a PE ratio of 43.36 with a 52 week low of $24.75 and a one year high of $69.70 NVDA’s total market value is presently $0.
In addition to Vetr Inc. reporting its target price, a total of 18 analysts have released a report on NVDA. The one year target is $42.00 with six firms rating the stock a strong buy, 7 brokerages rating the company a buy, twelve brokers rating the stock a hold, 1 analyst rating the company a underperform, and lastly zero brokerages rating the company a sell.
Brief Synopsis About NVIDIA Corporation (NASDAQ:NVDA)
NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters. The Company's Tegra processors are primarily designed to enable its branded platforms: DRIVE and SHIELD. Tegra is also sold to original equipment manufacturers (OEMs) for devices. DRIVE automotive computers provide supercomputing capabilities to make driving safer. SHIELD consists of a family of devices designed to harness the power of mobile-cloud to revolutionize gaming.
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