http://seekingalpha.com/article/298933-nvidia-insider-buying-technical-support-and-a-fortress-balance-sheet8 reasons Nvidia looks like a solid long term buy at $15 a share:1. NVDA has good technical support at this price level (See Chart)2. An insider recently bought over $1mm in new shares.3. It has a fortress balance sheet with $4 a share in net cash.4. It is selling near the bottom of its five year valuation based on P/S, P/E, P/B and P/CF.5. It has met or beat earnings estimates over the last four quarters. The average beat over consensus has been 16%.6. NVDA has a five year projected PEG of just .93 which is an over 35% discount to its five year historical average.7. Its forward PE of 13 is a 40% discount to its five year historical average. It is also projected to grow revenues north of 15% this year and around 10% in 2012.8. Nvidia is selling under analysts’ price targets. The mean analyst target on NVDA is $18.25 and S&P has a $19 price target on NVDA.Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in NVDA over the next 72 hours.
I'm thinking high 20s - 30+ NVDA is very strong and sound right now... very strong. The news just keeps better each day.