Cantor Fitzgerald Forecasts Strong Price Appreciation for NVIDIA (NASDAQ:NVDA) Stock

NVIDIA (NASDAQ:NVDA) had its target price raised by equities researchers at Cantor Fitzgerald from $300.00 to $350.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the computer hardware maker’s stock. Cantor Fitzgerald’s price target would indicate a potential upside of 54.98% from the company’s previous close.

NVDA has been the subject of several other reports. Raymond James Financial boosted their target price on shares of NVIDIA from $291.00 to $323.00 and gave the company a “strong-buy” rating in a research report on Thursday, March 19th. BTIG Research began coverage on shares of NVIDIA in a research report on Wednesday, April 15th. They issued a “buy” rating for the company. Sanford C. Bernstein reiterated a “buy” rating on shares of NVIDIA in a research report on Friday, April 17th. KeyCorp reiterated an “overweight” rating and issued a $275.00 price target on shares of NVIDIA in a research report on Tuesday, March 17th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of NVIDIA in a research report on Thursday, May 7th. Four investment analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $278.40.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $225.83 on Thursday. The firm has a 50 day moving average of $190.40 and a 200 day moving average of $187.78. The company has a current ratio of 3.91, a quick ratio of 3.24 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $5.49 trillion, a price-to-earnings ratio of 46.09, a price-to-earnings-growth ratio of 0.72 and a beta of 2.25. NVIDIA has a 12-month low of $129.16 and a 12-month high of $227.84.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.08. The company had revenue of $68.13 billion during the quarter, compared to analyst estimates of $65.56 billion. NVIDIA had a net margin of 55.60% and a return on equity of 97.37%. The firm’s quarterly revenue was up 73.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.89 earnings per share. On average, research analysts anticipate that NVIDIA will post 7.84 earnings per share for the current year.

Insider Transactions at NVIDIA

In other news, EVP Ajay K. Puri sold 300,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $182.25, for a total value of $54,675,000.00. Following the transaction, the executive vice president owned 3,018,547 shares of the company’s stock, valued at approximately $550,130,190.75. The trade was a 9.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 42,650 shares of the business’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $174.89, for a total transaction of $7,459,058.50. Following the completion of the transaction, the chief financial officer directly owned 881,387 shares in the company, valued at $154,145,772.43. This trade represents a 4.62% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 906,336 shares of company stock valued at $162,802,518. 4.17% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NVIDIA

A number of hedge funds have recently bought and sold shares of the business. State Street Corp raised its stake in NVIDIA by 1.2% during the fourth quarter. State Street Corp now owns 991,480,489 shares of the computer hardware maker’s stock valued at $184,911,111,000 after purchasing an additional 11,451,386 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of NVIDIA by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 588,803,093 shares of the computer hardware maker’s stock valued at $109,446,217,000 after acquiring an additional 3,383,441 shares during the period. Norges Bank purchased a new stake in shares of NVIDIA in the fourth quarter valued at $62,244,133,000. Bank of America Corp DE raised its stake in shares of NVIDIA by 1.5% in the fourth quarter. Bank of America Corp DE now owns 187,181,484 shares of the computer hardware maker’s stock valued at $34,909,347,000 after acquiring an additional 2,849,678 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of NVIDIA by 1.5% in the third quarter. Legal & General Group Plc now owns 181,203,035 shares of the computer hardware maker’s stock valued at $33,808,862,000 after acquiring an additional 2,609,560 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Bank of America raised its price target on NVIDIA to $320 and kept a Buy rating, citing a larger long-term AI data center market opportunity and accelerating AI spending. NVIDIA (NASDAQ:NVDA) Given New $320.00 Price Target at Bank of America
• Positive Sentiment: Wells Fargo also lifted its target to $315, arguing NVIDIA still looks attractive ahead of its May 20 report, while Citi said Q1 revenue could beat consensus by about $1.4 billion. Nvidia (NVDA) Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Several pieces pointed to strong AI demand and supply constraints, including TSMC’s higher AI accelerator growth outlook and continued hyperscaler capex from Microsoft, Google, Meta, and AWS. Nvidia: A Strong Setup Ahead Of Earnings
• Positive Sentiment: Jensen Huang’s inclusion in President Trump’s China trip is also lifting the stock on hopes it could improve Nvidia’s access to China or at least support a trade breakthrough. Nvidia CEO joins Trump’s mission to ‘open up’ China
• Positive Sentiment: Investor enthusiasm remains strong, with reports of record highs, unusual call-option buying, and fresh bullish coverage reinforcing the view that the AI trade still has room to run. Nvidia (NVDA) Exceeds Market Returns: Some Facts to Consider
• Neutral Sentiment: There are also reminders of risk: China remains a strategic overhang, and some articles noted concerns about export controls and potential volatility if trade talks disappoint. Exclusive: US clears H200 chip sales to 10 China firms as Nvidia CEO looks for breakthrough
• Negative Sentiment: Some hedge fund and asset-manager filings showed trimming of NVDA positions, which could temper sentiment at the margin, though this appears smaller than the broader bullish analyst and AI-demand backdrop. PRIMECAP Management trims Nvidia stake, sells 39K shares

About NVIDIA

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.