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Goldman Sachs Remains a Hold on Nvidia (NVDA)

Goldman Sachs analyst Toshiya Hari maintained a Hold rating on Nvidia (NVDAResearch Report) today and set a price target of $162.00. The company’s shares closed yesterday at $131.76.

Hari covers the Technology sector, focusing on stocks such as Nvidia, Marvell, and ON Semiconductor. According to TipRanks, Hari has an average return of 16.7% and a 57.48% success rate on recommended stocks.

In addition to Goldman Sachs, Nvidia also received a Hold from Deutsche Bank’s Ross Seymore in a report issued today. However, on the same day, Barclays maintained a Buy rating on Nvidia (NASDAQ: NVDA).

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NVDA market cap is currently $328.1B and has a P/E ratio of 43.21.

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NVIDIA Corp. designs and manufactures computer graphics processors, chipsets, and related multimedia software. The company operates through two segments:
• Graphics segment: Includes GeForce GPUs (graphics processing units) for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms, Quadro GPUs for enterprise design, GRID software for cloud-based visual and virtual computing, as well as automotive platforms for infotainment systems.
• Compute & Networking segment: Includes Data Center platforms and systems for artificial intelligence, high performance computing, and accelerated computing, Mellanox networking and interconnect solutions, DRIVE for autonomous vehicles and Jetson for robotics and other embedded platforms.
The company was founded by Jen-Hsun Huang, Chris A. Malachowsky, and Curtis R. Priem in January 1993 and is headquartered in Santa Clara, CA.

Read More on NVDA:

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