His influence is considerable, to the point that several financial websites reported on Arya’s opinion concerning Nvidia recently. and happens to be a Bank of America managing director and senior analyst. Raising the TargetĪccording to my painstaking research (I looked up his name on LinkedIn), Vivek Arya earned a Ph.D.

But then, somebody on Wall Street doesn’t necessarily see it that way. So, what does this mean for investors now? What we have here is a stock that barely pays a dividend, so the shareholders will have to count on price appreciation even after a breathtaking rally. Currently, the forward annual dividend yield is a paltry 0.09%. Incidentally, Nvidia does offer a dividend, but it’s nothing to write home about. For value-focused investors, that might be too hot to handle. From March 8 to June 18, NVDA stock climbed from around $460 to nearly $750.Īnd with that, the stock’s trailing 12-month price-earnings ratio was 88.1.

The rally of the past few months has been particularly troubling for the short sellers. Even the onset of the Covid-19 pandemic was little more than a speed bump for Nvidia’s investors. Sure, there were price corrections along the way. Over the long term, NVDA stock has been like a broken elevator that only goes up.

Nvda price target hike