Analysts are bullish on Nvidia Corporation

NVIDIA Corp. (NASDAQ: NVDA) made its 10th consecutive gain on Tuesday, December 27th, closing in at $117.32 and climbed to $118.88 during after-hours. The stock has a 1-year low of $24.75 and a 1-year high of $117.36 with a market cap of $63.24 Billion.

Nvidia was listed as one of the top tech stock picks for 2017 by Investment bank RBC Capital Markets.

Nvidia has rallied over 250% this year and has continuously beat analyst expectations on its quarterly earnings. The chipmaker company blew away the past quarterly earnings on November 10th with a revenue growth of 54% to $2 billion, which was remarkably above estimates of just $1.69 billion. And, had an EPS of $0.94 which crushed the analyst expectations of $0.69 per share.

65% of analysts’ rate Nvidia as positive. Out of 31 analysts, 20 rate it a “Buy”, 10 “Hold, and only 1 “Sell”.

Nvidia is scheduled to report its earnings on February 15th, 2017. Analysts expect an EPS of $.86 which is 145.71% higher from last year’s $0.35 per share.

According to Zacks Investment Research, “NVIDIA Corporation designs, develops and markets a top-to-bottom family of award-winning 3D graphics processors, graphics processing units and related software that set the standard for performance, quality and features for every type of desktop personal computer user, from professional workstations to low-cost computers. NVIDIA Corporation’s 3D graphics processors are used in a wide variety of applications, including games, the Internet and industrial design.”

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