How Is NVIDIA (NVDA) Moving After Today's Reports?

NVDA investors were unimpressed by upbeat analyst outlook on the stock, which sank -1.9% to a price of $162.53 this morning. As reported by Barrons's: "Nvidia has been selected as one of Needham's top picks for 2023. Analysts led by Rajvindra Gill, rate the stock as Buy, highlighting its "favorable risk/reward profile" and AI capabilities, among other reasons." For more coverage, read the full article here.

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company belongs to the Technology sector, which has an average price to earnings (P/E) ratio of 26.5 and an average price to book (P/B) ratio of 5.57. In contrast, NVIDIA has a trailing 12 month P/E ratio of 43.6 and a P/B ratio of 18.8.

NVIDIA has moved -40.2% over the last year compared to -15.7% for the S&P 500 — a difference of -24.6%. NVIDIA has a 52 week high of $313.3 and a 52 week low of $108.13. At today's price of $162.53 per share, NVIDIA is -16.69% away from its target price of $195.08, and on average, analysts give the stock a rating of buy. 1.5% of the company's shares are linked to short positions, and 65.9% of the shares are owned by institutional investors.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.