Recent exceptional positive changes in fundamentals have benefitted NVIDIA Corporation (NASDAQ: NVDA): 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 83 and a very high Power Rating of 95, triggering the Highest Value Trend Rating.
Recent Price Action
On 6/7/24, NVIDIA Corporation (NASDAQ: NVDA) stock declined slightly by -0.09%, closing at $1208.88. This decline was accompanied by normal trading volume. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 9.4% during the last week.
Be the first to comment