Alert: Positive Fundamental Signals (12/1/23)-NVIDIA Corporation (NASDAQ: NVDA)


NVIDIA Corporation (NASDAQ: NVDA) has benefited from exceptional positive changes in fundamentals: the consensus estimate for January, 2023 increased significantly, significant quarterly sales acceleration occurred, the consensus estimate for January, 2024 increased significantly, and significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

NVDA’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

NVIDIA has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. NVIDIA has a good Appreciation Score of 80 and a very high Power Rating of 98, with the Highest Value Trend Rating the result.

Recent Price Action

On 12/1/23, NVIDIA Corporation (NASDAQ: NVDA) stock declined slightly by -0.01%, closing at $467.65. However, this decline was accompanied by below average trading volume at 82% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -4.0% during the last week.

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