The stocks of NVDA have been reaffirmed by several researchers working at Oppenheimer of a rating of buy in a research report. According to said report, the brokerage has fixed up a price target of $600 on the stocks of this hardware maker. The price objective set by the brokerage firm is indicative of a positive increase in the annual growth rate by 10.12%. Oppenheimer has also provided several estimates on the Q4 2021 earnings of the company at $2.20 EPS, along with the FY2021 earnings at an EPS of $7.65.
The Quarterly Earnings of NVDA
There have been quite a few investment analysts who have commented on the stocks of NVDA. Citigroup has already increased the price target on the company from $540 to $600, in a 16th November research report. BidaskClub has also decreased the rating of the company from buy to hold in a 28th December research report. Raymond James, on the other hand, has increased the price target of the company from $550 to $600, with a rating of outperform. Wells Fargo & Company have also elevated the price target from $605 to $625, along with a rating of overweight. Credit Suisse Group has also reiterated its rating of buy, along with a price target of $620.
Four of the research analysts working on the stocks have given it a rating of sell, while four other analysts have given it a rating of hold. Twenty-nine analysts have given the rating of buy. Currently, the average rating of the stock is buy, with a price target set at $545.84.
The stocks of NVDA traded at $544.86 last Tuesday. The moving average of the firm over 50-days is $527.94, while the moving average over 200-days is $496.06. The year low of the firm is $180.68, with the week high set at $589.07.
