NVIDIA (NASDAQ:NVDA) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

NVIDIA (NASDAQ:NVDA) had its target price boosted by equities research analysts at JPMorgan Chase & Co. from $215.00 to $250.00 in a research note issued to investors on Thursday. The firm presently has an “overweight” rating on the computer hardware maker’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 34.03% from the stock’s current price.

Several other research firms have also recently commented on NVDA. Citigroup raised their price target on NVIDIA from $210.00 to $220.00 and gave the company a “buy” rating in a report on Monday, November 10th. DA Davidson set a $250.00 price objective on NVIDIA and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Evercore ISI set a $261.00 target price on NVIDIA and gave the company an “outperform” rating in a report on Wednesday, October 29th. BNP Paribas raised shares of NVIDIA to a “hold” rating in a research note on Friday, August 1st. Finally, Craig Hallum increased their price target on shares of NVIDIA from $195.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Five analysts have rated the stock with a Strong Buy rating, forty-two have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, NVIDIA currently has an average rating of “Buy” and a consensus target price of $248.66.

NVIDIA Price Performance

NVIDIA stock opened at $186.52 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.21 and a quick ratio of 3.60. The business has a 50 day simple moving average of $186.37 and a 200-day simple moving average of $167.48. NVIDIA has a 12 month low of $86.62 and a 12 month high of $212.19. The stock has a market capitalization of $4.53 trillion, a PE ratio of 53.14, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.07. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. During the same period in the previous year, the company posted $0.81 EPS. NVIDIA’s revenue was up 62.5% compared to the same quarter last year. NVIDIA has set its Q4 2026 guidance at EPS. Equities analysts predict that NVIDIA will post 2.77 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Jen Hsun Huang sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $207.91, for a total value of $5,197,750.00. Following the completion of the transaction, the chief executive officer directly owned 69,733,203 shares of the company’s stock, valued at $14,498,230,235.73. The trade was a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 27,640 shares of NVIDIA stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $208.33, for a total value of $5,758,241.20. Following the sale, the chief financial officer owned 2,828,122 shares of the company’s stock, valued at approximately $589,182,656.26. This represents a 0.97% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 3,251,577 shares of company stock worth $583,143,187. 4.17% of the stock is owned by insiders.

Institutional Trading of NVIDIA

Hedge funds have recently bought and sold shares of the company. Astoria Portfolio Advisors LLC. raised its stake in shares of NVIDIA by 0.9% in the first quarter. Astoria Portfolio Advisors LLC. now owns 93,568 shares of the computer hardware maker’s stock valued at $9,610,000 after acquiring an additional 864 shares during the period. Fielder Capital Group LLC grew its holdings in NVIDIA by 9.7% during the 1st quarter. Fielder Capital Group LLC now owns 50,469 shares of the computer hardware maker’s stock valued at $5,470,000 after purchasing an additional 4,444 shares during the last quarter. MADDEN SECURITIES Corp raised its position in NVIDIA by 3.2% in the 2nd quarter. MADDEN SECURITIES Corp now owns 81,322 shares of the computer hardware maker’s stock worth $12,848,000 after purchasing an additional 2,484 shares during the period. Sentinel Pension Advisors LLC boosted its position in shares of NVIDIA by 4.1% during the second quarter. Sentinel Pension Advisors LLC now owns 2,743 shares of the computer hardware maker’s stock valued at $433,000 after buying an additional 107 shares during the period. Finally, ORG Wealth Partners LLC grew its stake in shares of NVIDIA by 7.7% during the second quarter. ORG Wealth Partners LLC now owns 49,301 shares of the computer hardware maker’s stock valued at $7,560,000 after buying an additional 3,542 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.