NVIDIA Corporation (NASDAQ:NVDA) target bumped up to $69.67, released a ratings update earlier today by Vetr Inc.
- Updated: September 29, 2016
Yesterday NVIDIA Corporation (NASDAQ:NVDA) traded 0.93% higher at $67.43. The company’s 50-day moving average is $62.74 and its 200-day moving average is $48.53. The last stock close price is up 38.88% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 8,417,136 shares of the stock were exchanged, down from an average trading volume of 9,836,330
Stating a potential upside of 0.03%, Vetr Inc. increased the target price of NVIDIA Corporation (NASDAQ:NVDA) to $69.67
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NVIDIA Corporation has a 52 week low of $23.79 and a 52 week high of $67.61 with a P/E ratio of 44.28 The company’s market cap is currently $0.
In addition to Vetr Inc. reporting its target price, a total of 18 firms have issued a report on the stock. The consensus target price is $42.00 with 6 firms rating the stock a strong buy, 7 firms rating the stock a buy, 12 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information 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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