NVIDIA Corporation (NASDAQ: NVDA) has recently enjoyed extremely meaningful positive changes in fundamentals: the consensus estimate for January, 2024 increased significantly, significant quarterly sales acceleration occurred, the consensus estimate for January, 2025 increased significantly, and significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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 99, with the Highest Value Trend Rating the result.
Recent Price Action
NVIDIA Corporation (NASDAQ: NVDA) stock declined slightly by -0.03% on 9/13/24. The stock closed at $119.10. However, trading volume in this decline was below average at 70% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 11.1% during the last week.
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