Nvidia (NVDA): New Buy Recommendation for This Technology Giant | Markets Insider
In a report released today, Timothy Arcuri from UBS maintained a Buy rating on Nvidia (NVDA – Research Report), with a price target of $185.00. The company’s shares closed yesterday at $139.40.
Arcuri covers the Technology sector, focusing on stocks such as Nvidia, Intel, and Marvell. According to TipRanks, Arcuri has an average return of 33.0% and a 70.47% success rate on recommended stocks.
Currently, the analyst consensus on Nvidia is a Strong Buy with an average price target of $179.03, which is a 28.43% upside from current levels. In a report released yesterday, Loop Capital Markets also reiterated a Buy rating on the stock with a $175.00 price target.
Based on Nvidia’s latest earnings release for the quarter ending October 27, the company reported a quarterly revenue of $35.08 billion and a net profit of $19.31 billion. In comparison, last year the company earned a revenue of $18.12 billion and had a net profit of $9.24 billion
Based on the recent corporate insider activity of 132 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NVDA in relation to earlier this year. Most recently, in December 2024, Tench Coxe, a Director at NVDA sold 1,000,000.00 shares for a total of $131,260,155.83.