Fintel reports that on November 12, 2024, Redburn Atlantic initiated coverage of NVIDIA (NasdaqGS:NVDA) with a Buy recommendation.
Analyst Price Forecast Suggests 4.65% Upside
As of October 21, 2024, the average one-year price target for NVIDIA is $152.01/share. The forecasts range from a low of $76.15 to a high of $212.93. The average price target represents an increase of 4.65% from its latest reported closing price of $145.26 / share.
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The projected annual revenue for NVIDIA is 36,874MM, a decrease of 61.71%. The projected annual non-GAAP EPS is 5.70.
What is the Fund Sentiment?
There are 6,549 funds or institutions reporting positions in NVIDIA. This is an increase of 164 owner(s) or 2.57% in the last quarter. Average portfolio weight of all funds dedicated to NVDA is 3.24%, an increase of 4.31%. Total shares owned by institutions increased in the last three months by 282.77% to 17,581,763K shares. 
The put/call ratio of NVDA is 1.00, indicating a bearish outlook.
What are Other Shareholders Doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 738,297K shares representing 3.01% ownership of the company. In its prior filing, the firm reported owning 74,656K shares , representing an increase of 89.89%. The firm increased its portfolio allocation in NVDA by 31.49% over the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares holds 631,333K shares representing 2.57% ownership of the company. In its prior filing, the firm reported owning 62,245K shares , representing an increase of 90.14%. The firm increased its portfolio allocation in NVDA by 31.27% over the last quarter.
Geode Capital Management holds 534,554K shares representing 2.18% ownership of the company. In its prior filing, the firm reported owning 52,494K shares , representing an increase of 90.18%. The firm increased its portfolio allocation in NVDA by 32.11% over the last quarter.
Price T Rowe Associates holds 444,582K shares representing 1.81% ownership of the company. In its prior filing, the firm reported owning 46,150K shares , representing an increase of 89.62%. The firm increased its portfolio allocation in NVDA by 28.59% over the last quarter.
Jpmorgan Chase holds 406,709K shares representing 1.66% ownership of the company. In its prior filing, the firm reported owning 390,779K shares , representing an increase of 3.92%. The firm decreased its portfolio allocation in NVDA by 5.07% over the last quarter.
NVIDIA Background Information
(This description is provided by the company.)
NVIDIA is the pioneer of GPU-accelerated computing. The Company specializes in products and platforms for the large, growing markets of gaming, professional visualization, data center, and automotive. Its creations are loved by the most demanding computer users in the world – gamers, designers, and scientists. And its work is at the center of the most consequential mega-trends in technology.
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This story originally appeared on Fintel.