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NVIDIA Corporation 11.3% Potential Upside Now Implied by Canaccord Genuity

NVIDIA Corporation with TICKER NASDAQ:NVDA has had its stock rating noted as ‘Reiterated’ with the recommendation being set at ‘BUY’ yesterday by research analysts at Canaccord Genuity. NVIDIA Corporation are listed in the Technology sector within NASDAQ. Canaccord Genuity have set their target price at 120 USD on its stock. This indicates the analyst believes there is a potential upside of 11.3% from the opening price of 107.81 USD.

 

NVIDIA Corporation NASDAQ:NVDA has a 50 day moving average of 95.08 USD and a 200 day moving average of 63.69 USD. The 52 week high for the stock is 119.93 USD while the 52 week low for the stock is 24.75 USD. Over the last 30 and 90 trading days the company share price has increased 13.39 points and increased 44.53 points respectively. There are currently 556,690,592 shares in issue with the average daily volume traded being 20,721,840. Market capitalisation for NASDAQ:NVDA is $59,270,848,010.00 USD.

 

NVIDIA Corporation is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.


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