10 Best Growth Stocks to Buy with Low P/E Ratios

8. NVIDIA Corporation (NASDAQ:NVDA)

Forward P/E Ratio: 17.67

Revenue Growth Rate: 66.90%

On May 21, Raymond James raised its price target on NVIDIA Corporation (NASDAQ:NVDA) to $330 from $323 while maintaining a Strong Buy rating on the shares. The firm stated that Nvidia delivered stronger-than-expected first-quarter results alongside robust second-quarter guidance, driven primarily by accelerating inference-related demand and continued market share gains. Raymond James also highlighted the company’s enhanced shareholder return initiatives, including an $80 billion share repurchase authorization and a dividend increase from $0.01 to $0.25 per share.

On the same day, RBC Capital raised its price target on NVIDIA Corporation (NASDAQ:NVDA) to $270 from $250 and reiterated an Outperform rating on the stock. The firm noted that Nvidia’s quarterly results and forward outlook significantly exceeded consensus expectations, supported by sustained demand for its Blackwell platform, expected Rubin product ramp-ups in the third quarter, and growing traction for the Vera CPU platform. RBC Capital added that the company now has approximately $20 billion in revenue visibility tied to Vera, while its updated segmentation disclosures indicate increasing confidence in growth beyond hyperscale customers.

NVIDIA Corporation (NASDAQ:NVDA) operates within the technology sector and semiconductor industry, where it pioneered accelerated computing and invented the graphics processing unit (GPU). The company currently develops advanced semiconductors and full-stack software solutions powering global artificial intelligence, gaming, data center infrastructure, and autonomous vehicle technologies. Founded in April 1993, the company is headquartered in Santa Clara.