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Vetr Crowd Downgrades NVIDIA After All-Time High

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Riding the growing demand for high-performance processing for both businesses and consumers, NVIDIA Corporation's (NASDAQ: NVDA) stock jumped 25 percent last Friday from $67.75 to a high of over $88.

The spike came after a stellar Q3 earnings report, news that Tesla Motors Inc (NASDAQ: TSLA) would be using NVIDIA chips in their cars, and rumors of a new, more powerful graphics card due to be released early next year.

Related link: See how crowdsourcing can help you time the market. 

On Monday, the Vetr crowd downgraded its previous rating of NVIDIA from 3 Stars (hold) to 2.5 Stars (sell), after the stock appeared to reach its price target. The crowd’s average target price of $80.58 is still more bullish than the average analyst target price of $68.94.

Less than 2 percent of Vetr users are holding NVIDIA in their watchlists, and 94 percent of the crowd's ratings are bearish.

Latest Ratings for NVDA

Jun 2018FBN SecuritiesInitiates Coverage OnOutperform
Jun 2018BenchmarkInitiates Coverage OnBuy
May 2018Cowen & Co.Initiates Coverage OnOutperform

View More Analyst Ratings for NVDA
View the Latest Analyst Ratings

Posted-In: VetrPrice Target Crowdsourcing Analyst Ratings General


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