NVIDIA Corporation (NASDAQ:NVDA) target price raised to $100.00, reported today by Needham & Company LLC
- Updated: November 29, 2016
Just yesterday NVIDIA Corporation (NASDAQ:NVDA) traded -0.91% lower at $93.25. NVIDIA Corporation’s 50-day moving average is $75.70 and its 200-day moving average is $60.35. The last closing price is up 54.52% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 120 shares of NVDA traded hands, down from an average trading volume of 10,956,000
NVIDIA Corporation (NASDAQ:NVDA) had its stock price target increased to $100.00 by Needham & Company LLC in a report issued 11/30/2016. The updated stock price target implies a possible upside of 0.07% based on the company's previous closing price.
Previously on 11/28/2016, Vetr Inc. reported on NVIDIA Corporation (NASDAQ:NVDA) increased the target price from $0.00 to $92.00. At the time, this indicated a possible downside of -0.02%.
Recent Performance Chart
NVIDIA Corporation has 52 week low of $24.75 and a 52 week high of $95.25 with a PE ratio of 47.65 and has a market capitalization of $0.
In addition to Needham & Company LLC reporting its stock price target, a total of 18 brokers have issued a research note 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.
Brief Synopsis On 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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