Nvidia Corporation (NASDAQ:NVDA) yesterday was the subject of a new research report issued by Canaccord Genuity in which it was reiterated as ‘Buy’ by analysts at the firm.
Canaccord Genuity noted a target price of 120 on Nvidia Corporation’s shares. According to this price target, it now means the analyst believes there is a potential increase of 12.63% from the company’s current share price of 106.54.
Today there are 539,000,000 shares in issue of Nvidia Corporation which are currently trading at 106.54 which brings the business’s market capitalisation to 57.43B USD.
The 50 day moving average of Nvidia Corporation (NASDAQ:NVDA) is 98.52 whilst its 200 day moving average is 70.73. The highest share price NASDAQ:NVDA shares have reached in the prior twelve months is 119.93 with the lowest being 24.75.
NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters. The Company’s Tegra processors are primarily designed to enable its branded platforms: DRIVE and SHIELD. Tegra is also sold to original equipment manufacturers (OEMs) for devices. DRIVE automotive computers provide supercomputing capabilities to make driving safer. SHIELD consists of a family of devices designed to harness the power of mobile-cloud to revolutionize gaming.