Nvidia (NVDA) stock was up 0.36% on Thursday after the semiconductor company announced an update for its game streaming service, GeForce NOW. According to a press release from the company, GeForce NOW’s native Linux version has officially launched, exiting its beta.
According to Nvidia, this launch brings with it upgrades for users on GeForce NOW on Linux. Among them are new cloud optimizations that will make Frame Generation feel more responsive while streaming. Additionally, a CPU performance adjustment will result in higher framerates in demanding games for Performance members.
Nvidia noted that this new version of GeForce NOW offloads game rendering to the cloud, allowing users to experience better performance without the need to upgrade physical hardware. Nvidia highlighted this as a perfect option for college students, who can use their laptops for gaming. This includes devices not typically designed for gaming, such as Chromebooks.
Nvidia also listed several new games coming to GeForce NOW, including:
- Car Wash Simulator (New release on Steam, Aug. 10)
- Pax Autocratica (New release on Steam, Aug. 10)
- Clawed (New release on Steam, Aug. 13)
- Hell Let Loose: Vietnam (New release on Steam, Aug. 13)
- Sandustry (New release on Steam and Xbox, Aug. 13)
- Cat Mail Co. (Steam)
- Misery (Steam)
- Monster Hunter Wilds Prologue Demo (Steam)
- Pratfall (Steam)
NVDA Stock Smart Score
Nvidia stock stands out with a Smart Score of nine out of 10, which represents an Outperform rating. This comes from:
- A Strong Buy Analyst Consensus Rating.
- A Bullish Blogger Sentiment.
- An Increased Hedge Fund Trend.
- Insider Transactions showing $410.4 million of shares sold over the past three months.
- A Neutral Crowd Wisdom.
- A Very Bullish News Sentiment.
What Is the Average NVDA Stock Price Target?
As noted above, analysts are incredibly bullish on Nvidia stock with a consensus rating of Strong Buy. That’s based on 36 Buy and one Hold rating over the past three months. With that comes an average NVDA stock price target of $309.94, representing a potential 37.65% upside for the shares. (See NVDA Stock Forecast)
