Nvidia (NVDA) Receives a Rating Update from a Top Analyst

In a report released today, Rick Schafer from Oppenheimer maintained a Buy rating on Nvidia (NVDAResearch Report), with a price target of $300.00. The company’s shares closed last Monday at $262.97, close to its 52-week high of $263.00.

According to TipRanks.com, Schafer is a top 100 analyst with an average return of 17.7% and a 73.2% success rate. Schafer covers the Consumer Goods sector, focusing on stocks such as Akoustis Technologies, Skyworks Solutions, and Texas Instruments.

Nvidia has an analyst consensus of Strong Buy, with a price target consensus of $257.00, which is a 1.8% upside from current levels. In a report issued on February 7, RBC Capital also maintained a Buy rating on the stock with a $301.00 price target.

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Nvidia’s market cap is currently $160.9B and has a P/E ratio of 67.25. The company has a Price to Book ratio of 14.35.

Based on the recent corporate insider activity of 78 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 2019, Robert K. Burgess, a Director at NVDA sold 8,000 shares for a total of $1,845,632.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.