NVIDIA Corp (NVDA)

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Oppenheimer Increases NVIDIA (NASDAQ:NVDA) Price Target to $700.00
By: MarketBeat | February 18, 2021

NVIDIA (NASDAQ:NVDA) had its target price raised by Oppenheimer from $600.00 to $700.00 in a research note issued to investors on Thursday, The Fly reports. The firm currently has an "outperform" rating on the computer hardware maker's stock. Oppenheimer's price objective points to a potential upside of 17.40% from the stock's previous close.

NVDA has been the subject of several other research reports. Bank of America boosted their price objective on NVIDIA from $650.00 to $665.00 and gave the company a "buy" rating in a report on Thursday, November 19th. Cascend Securities boosted their price objective on NVIDIA from $610.00 to $620.00 and gave the company a "buy" rating in a report on Thursday, November 12th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price objective on NVIDIA from $540.00 to $600.00 in a report on Thursday, November 19th. UBS Group upped their price target on NVIDIA from $625.00 to $650.00 and gave the stock a "buy" rating in a report on Thursday, November 19th. Finally, Smith Barney Citigroup upped their price target on NVIDIA from $540.00 to $600.00 in a report on Thursday, November 19th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and twenty-nine have issued a buy rating to the stock. The stock has an average rating of "Buy" and an average target price of $552.97.

NVIDIA stock opened at $596.24 on Thursday. The stock's 50 day moving average is $542.92 and its 200 day moving average is $524.38. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.92 and a quick ratio of 3.52. The firm has a market cap of $369.07 billion, a P/E ratio of 97.58, a P/E/G ratio of 3.87 and a beta of 1.45. NVIDIA has a one year low of $180.68 and a one year high of $614.90.

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