Your current location is:{Current column} >>Text
Analysts expect another strong earnings report from Nvidia, lift stock targets By
{Current column}517People have watched
IntroductionNvidia (NASDAQ: NASDAQ:) is set to report its latest earnings results next week, and Deutsche Bank a ...
Nvidia (NASDAQ: NASDAQ:) is Forex foreign exchange app downloadset to report its latest earnings results next week, and Deutsche Bank analysts expect the chipmaker to continue its trend of posting strong multi-billion dollar beats and raise, driven by robust demand for AI compute.
While some may be slightly reducing orders ahead of the Blackwell launch, the overall demand trends are expected to remain strong, unlikely to impact NVIDIA's near-term outlook, analysts noted.
“Overall, we remain impressed by NVDAs best-in-class technology roadmap and believe AI fervor by its customers is likely to be sustained, yielding yet another strong quarter/ guide,” they wrote.
“However, investors apparently have become more discerning of AI-driven upside in earnings season QTD, and we believe continued fundamental strength is already well understood,” analysts added.
Therefore, the investment bank considers NVDA shares “fully valued,” reiterating a Hold rating ahead of the report.
Meanwhile, analysts at Wells Fargo were slightly more bullish in their pre-earnings note on NVDA. The investment firm said they see intra-quarter data points supporting an upside in Data Center revenue, estimating it could reach $23-$24 billion or more, compared to the Street's estimate of approximately $21.1 billion.
As a result, Wells Fargo raised their Nvidia forward estimates and lifted the target price from $970 to $1,150, implying more than 27% upside from the last closing price.
The move comes a day after an HSBC analyst raised the target price on NVDA from $1,050 to $1,350, citing robust upside potential stemming from the AI chip giant's pricing power with its NVL (Nvidia Virtual Link) server racks in fiscal 2026.
Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!Tags:
Related articles
Netflix back up after outage during 'Love is Blind' livestream By Reuters
{Current column}(Reuters) -Streaming platform Netflix Inc (NASDAQ:)'s services were restored after a brief outage la ...
Read moreUK dismisses statement by Yemen's Houthis saying they attacked British destroyer By Reuters
{Current column}CAIRO (Reuters) - Britain's defence ministry said on Sunday a statement by Yemen's Houthis that they ...
Read moreRenewable energy tech growth: Interview with Ideal Power CEO Dan Brdar By
{Current column}(NASDAQ:). is aiming to revolutionize the renewable energy sector. Specializing in power conversion ...
Read more
Popular Articles
- Biden expects to meet lawmakers Tuesday for debt talks, says he is optimistic By Reuters
- Michael Saylor Makes Epic Bitcoin Call Amid Market Lull: Details By U.Today
- US stock futures steady as markets look to rate cuts, jobs data By
- Peru economy expands in April, highest growth in over 30 months By Reuters
- Dow futures steady, Meta surges 11.7% after results By
- U.S. Senate passes bill to support advanced nuclear energy deployment By Reuters
Latest articles
-
Crypto stocks drop after Binance halts bitcoin withdrawals for hours By Reuters
-
Bitcoin price today: edges down to $70k with rate cuts in focus By
-
Nvidia overtakes Apple as No. 2 most valuable company By Reuters
-
Wedbush: Race to $4 trillion market cap will be between Nvidia, Apple and Microsoft By
-
4 big analyst cuts: Snowflake downgraded twice on guidance miss By
-
How Trump's potential second term in office could look like By