Nvidia, a leader in graphics processing units (GPUs), is getting some positive vibes from analysts. Atif Malik from Citi has given the company a 'Buy' rating and set a price target of $175. That's quite a bit higher than its current price of $144. 47. Malik isn't the only one feeling optimistic. The overall analyst consensus is a strong 'Buy', with an average price target of $177. 08, which could mean a 22. 57% increase in the stock's value.
But wait, there's more! Bank of America Securities also reiterated a 'Buy' rating on the stock, with an even higher price target of $190. 00. That's a pretty strong vote of confidence from the experts.
Nvidia isn't just about gaming. They're also big in data centers, AI, and autonomous vehicles. The company has a massive market cap of $3387. 2 billion and a P/E ratio of 54. 48.
However, not everyone is feeling the love. Insider activity shows that some bigwigs at Nvidia have been selling their shares. Tench Coxe, a director, sold a whopping 1 million shares last month for over $131 million. That's a lot of money, and it might make some investors pause.
Nvidia was founded back in 1993 by Jen-Hsun Huang, Chris A. Malachowsky, and Curtis R. Priem. They're based in Santa Clara, California, and they've come a long way since their early days.
