Susquehanna Upgrades NVIDIA (NVDA) Outlook to Positive

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On May 25, 2023, Susquehanna maintained a Positive recommendation for NVIDIA (NASDAQ: NVDA). The average one-year price target for NVIDIA is $294.65, indicating a 3.51% decrease from its latest closing price of $305.38, with forecasts ranging from a low of $191.90 to a high of $413.70.

NVIDIA’s projected annual revenue is $30 billion, reflecting an 11.22% increase, with a projected non-GAAP EPS of $4.40. Institutional ownership has increased by 346 funds, or 7.68%, in the last quarter, although total shares owned by institutions decreased by 0.14% to approximately 1.78 billion shares. The company’s put/call ratio stands at 1.08, suggesting a bearish outlook.

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