![]() ![]() How do analysts view NVDA?ĭespite NVDA’s recent bearishness, Oppenheimer’s equity research team raised its price target earlier this month to a much more optimistic US$925 from US$700 before, alongside an unchanged ‘outperform’ call on the stock.Īnalyst Rick Schafer predicted that Nvidia, along with other semiconductor stocks, are likely to beat analyst estimates in the upcoming quarters, with demand across the sector still going strong. The deal was originally expected to be completed by March 2022, but the deadline has been extended to September 2022, with regulatory review processes seemingly having no end in sight any time soon. Nvidia has yet to receive the necessary approvals from UK, European Union, US and Chinese anti-competition authorities for the deal, which was first announced last September. On a split-adjusted basis, the stock is down a massive 75% in the last one month alone, likely driven by the company’s proposed US$40 billion acquisition of UK chipmaker Arm Ltd, which remains inconclusive. The opening price had been based on the company’s final pre-split trading price of US$751 on 19 July. The semiconductor stock opened at a split-adjusted price of US$187 on Tuesday (20 July 2021), before finishing the session just slightly lower at US$186. ![]() Nvidia shares opened 1.4% higher a day after it began trading on a four-for-one stock split basis. Interested to trade Nvidia shares? Open an IG account today to get started. ![]() Despite this, a trio of analysts remain bullish on the stock, raising their price targets earlier this month.On a split-adjusted basis, NVDA is down 75% in the last one month alone.The stock began trading on a four-for-one stock split price of US$187 a day earlier.Nvidia Corporation (NASDAQ: NVDA) share price rallies nearly 4% in early trading on Wednesday (21 July 2021). ![]()
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