NVIDIA Corporation (NASDAQ:NVDA) Short-term Price Target in Focus

Shares of NVIDIA Corporation (NASDAQ:NVDA) have a current consensus target price of $87. The Street analyst offering the most aggressive target price estimate based on data provided by Zacks Research, is currently $106. The analyst with the bottom target on the stock estimates shares reaching $71.  

Depending on the analyst, price targets might differ greatly. Sell-side analysts might monitor resistance and support levels to help evaluate future stock movement. Zacks Research also provides ratings from covering analysts. These recommendations land on a numerical scale provided by Zacks Research. Based on ratings from polled analysts, Zacks Research reports shares of NVIDIA Corporation with a current ABR of 2. This number is positioned on a recommendation scale where the ratings range from a 1 to a 5. On the scale, a 1 would represent a Strong Buy rating while a 5 would represent a Strong Sell.

We can also take a look at some company earnings per share or EPS information. Earnings per share is the segment of profit for a company that is allocated to every outstanding share of a company’s common stock. Earnings per share numbers can serve as an indicator for the profitability of a certain company. EPS is widely considered to be one of the most important factors when evaluating the price of a share. A Zacks consensus currently shows Street analysts projecting the company to post per share earnings of $0.86. For the period ending 2016-10-31, NVIDIA Corporation reported actual EPS of $0.83. This number was $0.26 away from analyst predictions, providing a surprise factor of 45.61%. The company is expected to next release earnings on or around 2017-02-15.

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