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On August 17, 2023, Rosenblatt reiterated a Buy recommendation for NVIDIA (NASDAQ:NVDA). The average one-year price target for NVIDIA is $509.98, indicating a potential upside of 17.27% from the current closing price of $434.86. Forecasts range from a low of $371.89 to a high of $805.35.
NVIDIA reported an anticipated annual revenue of $30.001 billion, a growth of 11.22%, and a projected non-GAAP EPS of $4.40. The company’s latest quarterly dividend declared on May 24, 2023, was $0.04 per share, resulting in a dividend yield of 0.04% at the current share price.
As of the last quarter, 5,134 funds reported positions in NVIDIA, representing an increase of 6.07% with total shares held rising by 0.68% to 1,791,527,000 shares. Notably, the put/call ratio of 0.95 suggests a bullish outlook.
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