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On August 24, 2023, Wedbush maintained an Outperform recommendation for NVIDIA (NASDAQ: NVDA), projecting an 8.24% upside based on an average one-year price target of $509.98, up from its latest closing price of $471.16. The price forecasts range from a low of $371.89 to a high of $805.35.
NVIDIA’s projected annual revenue for 2023 is $30,001 million, a decrease of 8.20%, with a non-GAAP EPS estimate of 4.40. The company declared a quarterly dividend of $0.04 per share on May 24, 2023, with a current dividend yield of 0.03%.
Institutional interest in NVIDIA is increasing, with 5,206 funds reporting positions, up 7.34% from the last quarter. Total shares owned by institutions rose by 0.95% to 1,798,118K shares, reflecting positive sentiment with a put/call ratio of 0.99.
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