New Street Research Lowers NVIDIA (NASDAQ:NVDA) Price Target to $340.00

Posted by Micah Haroldson on May 22nd, 2026

NVIDIA (NASDAQ:NVDA – Get Free Report) had its price objective cut by stock analysts at New Street Research from $343.00 to $340.00 in a research note issued on Thursday,MarketScreener reports. New Street Research’s target price points to a potential upside of 54.89% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. Evercore reissued an “outperform” rating and issued a $413.00 price target (up from $352.00) on shares of NVIDIA in a research note on Thursday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $350.00 price objective on shares of NVIDIA in a research note on Thursday. Melius Research set a $400.00 target price on shares of NVIDIA in a report on Thursday. HSBC reissued a “buy” rating and issued a $325.00 target price (up from $295.00) on shares of NVIDIA in a research report on Tuesday. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $315.00 price target (up from $265.00) on shares of NVIDIA in a research report on Tuesday, May 12th. Four research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, NVIDIA presently has an average rating of “Buy” and a consensus price target of $303.27.

Check Out Our Latest Analysis on NVDA

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $219.51 on Thursday. NVIDIA has a one year low of $129.16 and a one year high of $236.54. The stock has a fifty day moving average of $195.51 and a 200-day moving average of $188.87. The company has a market capitalization of $5.32 trillion, a PE ratio of 33.62, a price-to-earnings-growth ratio of 0.69 and a beta of 2.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.24 and a current ratio of 3.91.

NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.11. The business had revenue of $81.62 billion for the quarter, compared to analysts’ expectations of $78.42 billion. NVIDIA had a return on equity of 110.48% and a net margin of 62.97%.The company’s quarterly revenue was up 85.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.81 EPS. As a group, equities analysts anticipate that NVIDIA will post 7.89 EPS for the current fiscal year.

NVIDIA declared that its Board of Directors has approved a share buyback plan on Wednesday, May 20th that authorizes the company to buyback $80.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to repurchase up to 1.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other news, CFO Colette Kress sold 20,000 shares of the company’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $174.89, for a total value of $3,497,800.00. Following the transaction, the chief financial officer directly owned 83,060 shares of the company’s stock, valued at approximately $14,526,363.40. This represents a 19.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark A. Stevens sold 221,682 shares of the stock in a transaction on Friday, March 20th. The stock was sold at an average price of $173.68, for a total value of $38,501,729.76. Following the sale, the director owned 7,399,771 shares of the company’s stock, valued at approximately $1,285,192,227.28. This represents a 2.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 906,336 shares of company stock worth $162,802,518. Insiders own 4.17% of the company’s stock.

Institutional Investors Weigh In On NVIDIA

Several institutional investors have recently made changes to their positions in the company. Lifetime Wealth Management P.C. acquired a new position in NVIDIA during the fourth quarter worth $26,000. Longview Financial Advisors Inc. acquired a new position in NVIDIA in the 1st quarter valued at $27,000. Longfellow Investment Management Co. LLC grew its stake in NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after buying an additional 67 shares during the last quarter. Phillip James Consulting Co. bought a new position in NVIDIA in the 1st quarter worth $40,000. Finally, Spurstone Advisory Services LLC acquired a new position in NVIDIA during the 2nd quarter worth $40,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA News Roundup

Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: NVIDIA delivered another blowout quarter, beating earnings and revenue estimates and issuing strong Q2 guidance around $91 billion in sales. Reuters: Nvidia forecasts quarterly revenue above estimates, announces $80 billion share buyback
Positive Sentiment: The company announced an additional $80 billion share repurchase authorization and raised its quarterly dividend from $0.01 to $0.25, signaling aggressive capital returns and management confidence. GlobeNewswire: NVIDIA Announces Financial Results for First Quarter Fiscal 2027
Positive Sentiment: Analysts largely turned more upbeat after the report, raising price targets and highlighting NVIDIA’s dominant position in AI infrastructure and attractive valuation. Benzinga: NVIDIA Lags AI Rivals Even As It Sits ‘At The Center Of All AI’
Positive Sentiment: Several pieces pointed to broadening demand beyond hyperscalers, new products like Vera Rubin, and expansion into edge computing, robotics, and enterprise AI as signs of a bigger long-term growth runway. CNBC: What you might have missed in Nvidia’s earnings
Neutral Sentiment: Despite the strong fundamentals, the stock reaction was muted because investors appear concerned about lofty expectations, competition from custom chips, and the fact that China revenue is still excluded from guidance. Barron’s: Why Nvidia Stock Is Barely Moving After Earnings
Negative Sentiment: Some reports noted that NVIDIA’s strong earnings were not enough to overcome near-term worries about AI growth normalization and investor positioning after a huge run in the shares. CNBC: Data center revenue nearly doubles, report is strong but stock slides

About NVIDIA

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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.