NVIDIA Earns Average 'Buy' Rating with $307 Price Target

NVIDIA Corporation (NASDAQ:NVDA) is a top pick among brokerages, according to Marketbeat. The company has earned an average rating of 'Buy' from 54 research firms covering its stock.

Two analysts have given the stock a hold recommendation, while 49 have assigned a buy and three a strong buy recommendation. The average 1-year price target among these brokerages is $307.28.

Relevant analysts have commented on NVDA shares, with Seaport Research Partners lifting their price objective to $180.00 from $140.00 while giving the stock a 'sell' rating in a research note. JPMorgan Chase & Co. increased its price target for NVIDIA to $280.00 from $265.00 and gave the company an 'overweight' rating.

Sanford C. Bernstein reissued a 'buy' rating on shares of NVIDIA with a $335.00 price target, up from $250.00. Citic Securities also upgraded their price objective for NVIDIA to $315.00 from $242.00 and maintained a 'buy' rating.