NVIDIA (NASDAQ:NVDA) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

NVIDIA (NASDAQ:NVDA) had its price objective boosted by equities research analysts at Needham & Company LLC from $270.00 to $300.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the computer hardware maker’s stock. Needham & Company LLC’s price objective would indicate a potential upside of 43.09% from the company’s previous close.

Several other research firms also recently weighed in on NVDA. Cantor Fitzgerald reissued an “overweight” rating and issued a $350.00 target price on shares of NVIDIA in a report on Monday. Morgan Stanley reaffirmed an “overweight” rating on shares of NVIDIA in a research report on Tuesday, August 11th. Citic Securities increased their price objective on NVIDIA from $242.00 to $315.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Zacks Research lowered shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. Finally, Susquehanna reaffirmed a “positive” rating and issued a $275.00 target price (up from $250.00) on shares of NVIDIA in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $312.21.

NVIDIA Stock Down 1.6%

Shares of NASDAQ:NVDA opened at $209.66 on Thursday. The firm has a market capitalization of $5.07 trillion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 0.42 and a beta of 2.23. NVIDIA has a 1 year low of $164.07 and a 1 year high of $236.54. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 2.85. The firm’s 50-day moving average is $207.61 and its two-hundred day moving average is $200.35.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, topping the consensus estimate of $2.09 by $0.13. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The firm had revenue of $96.22 billion during the quarter, compared to analysts’ expectations of $92.27 billion. During the same period in the previous year, the firm posted $1.05 EPS. NVIDIA’s revenue for the quarter was up 105.9% on a year-over-year basis. Analysts predict that NVIDIA will post 8.8 EPS for the current year.

NVIDIA declared that its board has authorized a stock repurchase program on Wednesday, May 20th that authorizes the company to buyback $80.00 billion in shares. This buyback authorization authorizes the computer hardware maker to reacquire up to 1.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Transactions at NVIDIA

In related news, Director Stephen C. Neal sold 15,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the sale, the director owned 116,135 shares in the company, valued at approximately $25,053,803.55. This trade represents a 11.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 885,000 shares of NVIDIA stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the completion of the sale, the director directly owned 5,207,271 shares of the company’s stock, valued at $1,094,412,146.07. The trade was a 14.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,900,500 shares of company stock valued at $410,449,265. 3.94% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NVIDIA

Large investors have recently added to or reduced their stakes in the business. HORAN Wealth LLC increased its stake in shares of NVIDIA by 5.6% during the 2nd quarter. HORAN Wealth LLC now owns 57,377 shares of the computer hardware maker’s stock valued at $11,480,000 after acquiring an additional 3,018 shares during the last quarter. Wellington Grp LLC increased its position in NVIDIA by 8.7% during the second quarter. Wellington Grp LLC now owns 29,558 shares of the computer hardware maker’s stock worth $5,914,000 after purchasing an additional 2,376 shares during the last quarter. Brown Financial Advisors raised its stake in NVIDIA by 21.3% during the second quarter. Brown Financial Advisors now owns 42,229 shares of the computer hardware maker’s stock worth $8,450,000 after purchasing an additional 7,404 shares during the period. Kirkwood Financial Services acquired a new position in shares of NVIDIA in the 2nd quarter valued at $864,000. Finally, Tobias Financial Advisors Inc. grew its stake in shares of NVIDIA by 50.0% during the 2nd quarter. Tobias Financial Advisors Inc. now owns 29,786 shares of the computer hardware maker’s stock valued at $5,960,000 after buying an additional 9,924 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting NVIDIA

Here are the key news stories impacting NVIDIA this week:

• Positive Sentiment: Record results and stronger outlook: Fiscal Q2 revenue reached $96.2 billion, up 106% year over year and above the roughly $92.2 billion consensus. Adjusted EPS was $2.22 versus $2.09 expected, while Data Center revenue rose 117% to $89.0 billion. NVIDIA forecast fiscal Q3 revenue of approximately $108 billion, excluding China compute revenue. NVIDIA second-quarter financial results
• Positive Sentiment: AI demand remains broad and accelerating: CEO Jensen Huang said the AI infrastructure buildout is operating at full speed, with the Vera Rubin platform ramping into production. NVIDIA also expanded its AWS partnership, including an additional 2 million GPUs, supporting confidence in hyperscaler demand. AWS and NVIDIA GPU partnership
• Positive Sentiment: Analyst support increased: Goldman Sachs and Citigroup raised their price targets, while Raymond James lifted its target to $352 and maintained a strong-buy rating. The upgrades indicate that analysts view the earnings beat and long-term growth forecast as more important than near-term valuation concerns. Wall Street commentary on NVIDIA
• Neutral Sentiment: Potential Hugging Face acquisition: Reports say NVIDIA has agreed, or is close, to acquiring open-source AI platform Hugging Face for about $12.9 billion. The deal could strengthen NVIDIA’s software and developer ecosystem, but reports conflict on whether a binding agreement has been signed.
• Negative Sentiment: Margins and competitive risks remain: NVIDIA expects fiscal Q3 gross margin of about 74%, down from 75% in Q2, while operating expenses continue to rise. Investors are also monitoring custom chips from OpenAI and Microsoft that could reduce NVIDIA’s share of inference workloads over time. Custom AI chip competition
• Negative Sentiment: Execution and financing concerns: Supply constraints, the absence of China compute revenue in guidance, and scrutiny of NVIDIA’s investments and customer-financing relationships could add volatility despite the strong fundamentals.

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.