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Nvidia (NVDA): New Buy Recommendation for This Technology Giant

In a report released today, Vijay Rakesh from Mizuho Securities maintained a Buy rating on Nvidia (NVDAResearch Report), with a price target of $205.00. The company’s shares closed today at $132.61.

According to TipRanks, Rakesh is a 5-star analyst with an average return of 19.2% and a 56.10% success rate. Rakesh covers the Technology sector, focusing on stocks such as Nvidia, Micron, and Qualcomm.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nvidia with a $205.74 average price target, which is a 55.15% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $190.00 price target.

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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.

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