DA Davidson Reiterates Buy Rating for NVIDIA (NASDAQ:NVDA)

NVIDIA (NASDAQ:NVDA)‘s stock had its “buy” rating reaffirmed by investment analysts at DA Davidson in a research note issued to investors on Thursday,Benzinga reports. They currently have a $250.00 price target on the computer hardware maker’s stock. DA Davidson’s price target would indicate a potential upside of 39.76% from the company’s current price. DA Davidson also issued estimates for NVIDIA’s Q4 2026 earnings at $1.45 EPS and FY2026 earnings at $4.43 EPS.

Several other brokerages also recently issued reports on NVDA. Benchmark upped their price target on shares of NVIDIA from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday. Loop Capital boosted their price objective on NVIDIA from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Robert W. Baird set a $275.00 target price on NVIDIA and gave the company an “outperform” rating in a research report on Thursday. Susquehanna lifted their price target on NVIDIA from $230.00 to $250.00 and gave the company a “positive” rating in a research note on Thursday. Finally, President Capital upped their price objective on NVIDIA from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $257.79.

NVIDIA Stock Performance

NVIDIA stock opened at $178.88 on Thursday. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The stock has a market cap of $4.35 trillion, a PE ratio of 50.96, a P/E/G ratio of 1.49 and a beta of 2.11. NVIDIA has a 12-month low of $86.62 and a 12-month high of $212.19. The business’s 50-day moving average price is $186.46 and its two-hundred day moving average price is $168.03.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. The company had revenue of $57.01 billion for the quarter, compared to the consensus estimate of $54.66 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm’s quarterly revenue was up 62.5% compared to the same quarter last year. During the same period last year, the company posted $0.81 EPS. NVIDIA has set its Q4 2026 guidance at EPS. As a group, analysts expect that NVIDIA will post 2.77 earnings per share for the current fiscal year.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 350,000 shares of the company’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total value of $61,736,500.00. Following the sale, the director directly owned 7,399,803 shares of the company’s stock, valued at approximately $1,305,251,251.17. This represents a 4.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Harvey C. Jones sold 250,000 shares of NVIDIA stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $176.21, for a total transaction of $44,052,500.00. Following the transaction, the director directly owned 7,183,280 shares of the company’s stock, valued at $1,265,765,768.80. This represents a 3.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 3,251,577 shares of company stock worth $583,143,187. Company insiders own 4.17% of the company’s stock.

Institutional Trading of NVIDIA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. bought a new stake in NVIDIA during the 2nd quarter valued at $28,000. Winnow Wealth LLC acquired a new position in shares of NVIDIA during the second quarter valued at about $32,000. Longfellow Investment Management Co. LLC grew its holdings in shares of NVIDIA by 47.9% during the second 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. Spurstone Advisory Services LLC bought a new stake in shares of NVIDIA during the second quarter worth about $40,000. Finally, Kathleen S. Wright Associates Inc. raised its holdings in shares of NVIDIA by 169.3% in the 1st quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after acquiring an additional 254 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.