Analyst Revises NVIDIA Corporation (NASDAQ:NVDA) Stock Target


NVIDIA Corporation (NASDAQ:NVDA) mean price target has been set at $64.7200 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.5600 in the near-term quarter and $1.8400 for the ongoing fiscal. The market cap of NVIDIA Corporation was recorded at $31.98B after the stock closed at $62.6400 in last trading day.

What The Valuation Says?

The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. NVIDIA Corporation (NASDAQ:NVDA) has a P/E ratio of 39.2691. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio.

NVIDIA Corporation (NASDAQ:NVDA) PEG ratio sits at 1.4500. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks.

Technical Perspective

The technical analysis of NVIDIA Corporation visibly illustrates that the 50-day MA of NVIDIA Corporation is $59.8120, and stock is trading $-0.0445 points away or -0.0744% from its 50-day moving average of $59.8120. Further it is trading $14.6103 or +32.3543% away its 200-day moving average of $45.1572. NVIDIA Corporation (NASDAQ:NVDA) 52-week high is $63.5000 and the 52-week low is $22.2400. This represents that if the stock moves $-3.7325 points up on the chart to it will make a 52-week high. But, if it declines +168.7388%, then the shares price can hit a new 52-week low.

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