NVIDIA Corporation (NASDAQ: NVDA) stock closed at $117.02 on 7/31/24 after a major increase of 12.8%. Moreover, above average trading volume at 127% of normal accompanied the advance. The stock has declined -4.5% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, NVDA is expected to continue to be a major Value Builder.
NVIDIA has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. NVIDIA has a good Appreciation Score of 72 and a very high Power Rating of 100, with the Highest Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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