why NVIDIA Corp [NVDA] is a Good Choice for Investors After New Price Target of $170.16

NFLX Stock

NVIDIA Corp [NASDAQ: NVDA] jumped around 2.91 points on Friday, while shares priced at $138.25 at the close of the session, up 2.15%.

Compared to the average trading volume of 261.46M shares, NVDA reached a trading volume of 141863152 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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What do top market gurus say about NVIDIA Corp [NVDA]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NVDA shares is $170.16 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NVDA stock is a recommendation set at 1.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for NVIDIA Corp shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on November 21, 2024. While these analysts kept the previous recommendation, Truist raised their target price from $167 to $169. The new note on the price target was released on November 21, 2024, representing the official price target for NVIDIA Corp stock. Previously, the target price had yet another raise from $170 to $190, while The Benchmark Company kept a Buy rating on NVDA stock. On November 21, 2024, analysts increased their price target for NVDA shares from 165 to 175.

The Average True Range (ATR) for NVIDIA Corp is set at 5.21, with the Price to Sales ratio for NVDA stock in the period of the last 12 months amounting to 30.53. The Price to Book ratio for the last quarter was 51.42, with the Price to Cash per share for the same quarter was set at 1.54. Price to Free Cash Flow for NVDA in the course of the last twelve months was 61.16 with Quick ratio for the last quarter at 3.64.

How has NVDA stock performed recently?

NVIDIA Corp [NVDA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.74. With this latest performance, NVDA shares dropped by -0.78% in over the last four-week period, additionally plugging by 26.10% over the last 6 months – not to mention a rise of 187.18% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NVDA stock in for the last two-week period is set at 47.73, with the RSI for the last a single of trading hit 44.30, and the three-weeks RSI is set at 50.34 for NVIDIA Corp [NVDA]. The present Moving Average for the last 50 days of trading for this stock 135.66, while it was recorded at 137.70 for the last single week of trading, and 112.06 for the last 200 days.

NVIDIA Corp [NVDA]: Deeper insight into the fundamentals

NVIDIA Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.64 and a Current Ratio set at 4.10.

Earnings analysis for NVIDIA Corp [NVDA]

With the latest financial reports released by the company, NVIDIA Corp posted 0.52/share EPS, while the average EPS was predicted by analysts to be reported at 0.46/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.05. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NVDA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for NVIDIA Corp go to 35.00%.

Insider trade positions for NVIDIA Corp [NVDA]

There are presently around $66.17%, or 69.14%% of NVDA stock, in the hands of institutional investors. The top three institutional holders of NVDA stocks are: VANGUARD GROUP INC with ownership of 2.14 billion shares, which is approximately 8.7116%. BLACKROCK INC., holding 1.84 billion shares of the stock with an approximate value of $$227.22 billion in NVDA stocks shares; and BLACKROCK INC., currently with $$128.96 billion in NVDA stock with ownership which is approximately 4.2401%.

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