NVIDIA Receives Consensus 'Buy' Recommendation Amid Strong Revenue Growth
NVIDIA Corporation (NASDAQ:NVDA) has been given a consensus recommendation of 'Buy' by fifty-five brokerages covering the company, according to Marketbeat Ratings. This recommendation is based on two investment analysts rating the stock with a hold, fifty giving it a buy, and three issuing a strong buy.
The average 1-year price target among these brokerages is $324.34. A number of research firms have commented on NVDA recently, including William Blair, which restated an 'outperform' rating on shares, and Raymond James Financial, which set a $515.00 target price with a strong-buy rating.
NVIDIA's stock has shown strong performance, opening at $210.96 on Tuesday, and its 12-month high was $236.54. The company's revenue grew over 100% in recent earnings, exceeding expectations, and management indicated that supply is limiting expansion rather than customer demand.