A statement released earlier today by Vetr Inc. about NVIDIA Corporation (NASDAQ:NVDA) bumps the target price to $69.40
- Updated: October 16, 2016
Stating a potential upside of 0.05%, Vetr Inc. upped the price target of NVIDIA Corporation (NASDAQ:NVDA) to $69.40
On Thursday September 29, 2016, Vetr Inc. released a statement on NVIDIA Corporation (NASDAQ:NVDA) upped the target price from $0.00 to $69.67 that suggested an upside of 0.03%.
Having a price of $66.00, NVIDIA Corporation (NASDAQ:NVDA) traded 0.98% higher on the day. With the last close up 29.28% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. NVIDIA Corporation has recorded a 50-day average of $64.34 and a two hundred day average of $51.04. Volume of trade was down over the average, with 8,265,851 shares of NVDA changing hands under the typical 9,694,810
With a total market value of $0, NVIDIA Corporation has price-earnings ratio of 43.36 with a one year low of $24.75 and a one year high of $69.70 .
A total of 18 analysts have released a research note on NVIDIA Corporation. Six analysts rating the company a strong buy, seven analysts rating the company a buy, twelve analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $42.00.
More 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.