NVIDIA Corporation (NASDAQ: NVDA) is off to a pretty strong start in the trading session today, and for good reason. Analyst coverage on this stock is causing excitement among investors who are pushing it upward. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (10:18), NVDA is trading at $132.62 per share after a gain of $4.73 per share (3.70%) thus far today.
Analysts Have A Lot To Say About NVDA
As mentioned above, NVIDIA Corporation is off to a relatively strong day in the market today after several analysts have recently weighed in on the stock with positive opinions. Here’s what we’ve seen from analysts as of late:
- Loop Capital – First and foremost, news broke that Loop Capital has made the decision to raise their price target on NVDA. The firm increased the target from $129 per share to $137 per share.
- Canaccord – Canaccord recently raised their price target as well, highlighting growth in key markets including gaming, data center, auto, AI, deep learning, and GPU computing. As a result, the price target at Canaccord has increased to $155.
- Goldman Sachs – Finally, Goldman Sachs Analyst Toshiya Hari raised the price target on the stock as well. In this case, the price target has been raised from $130 per share to $165 per share after Hari reviewed the company’s discussion of its products and markets at its annual analyst day meeting last week.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping an incredibly close eye on NVDA. In particular, we’re interested in tracking the growth to see if these overwhelmingly bullish analyst opinions are warranted. We’ll continue to follow the story closely and bring the news to you as it breaks!
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