Top Analyst Revamps Nvidia Price Target For One Surprising Reason
Nvidia (NVDA) stock just got a major price target reset ahead of earnings, but the twist isn’t more AI hype. KeyBanc Capital Markets John Vinh’s call is built around a factor effectively hiding in plain sight, something investors haven’t fully priced in. It’s not about demand, nor is it about China, or even the usual AI narrative. 💵💰Don’t miss the move: Subscribe to TheStreet’s free daily newsletter💰💵 Instead, it’s a potential shift that could change how quickly Nvidia is able to ramp up sales, while fattening up its margins in the process. Moreover, with expectations sky-high already, this quiet revamp could be an overlooked driver, making Nvidia’s Q2 earnings print one to watch more closely.
Nvidia (NVDA) has shrugged off broader market jitters and become one of this year’s biggest stock market winners. Its ubiquitous GPUs have been …Read More NVIDIA Corporation (NASDAQ:NVDA) will release earnings results for the second quarter, after the closing bell on Wednesday, Aug. 27. Analysts expect the Santa Clara, California-based company to report quarterly earnings at $1.00 per share, up from 68 cents per share in the year-ago period. Nvidia projects to report quarterly revenue at $45.89 billion, compared to $30.04 billion a year earlier, according to data from Benzinga Pro.
The company has beaten analyst estimates for revenue in 11 straight quarters. Nvidia shares rose 1.1% to close at $181.77 on Tuesday. Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
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Nvidia (NVDA) Stock Just Got A Major Price Target Reset
Nvidia (NVDA) stock just got a major price target reset ahead of earnings, but the twist isn’t more AI hype. KeyBanc Capital Markets John Vinh’s call is built around a factor effectively hiding in plain sight, something investors haven’t fully priced in. It’s not about demand, nor is it about China, or even the usual AI narrative. 💵💰Don’t miss the move: Subscribe to TheStreet’s free daily newsle...
Nvidia (NVDA) Has Shrugged Off Broader Market Jitters And Become
Nvidia (NVDA) has shrugged off broader market jitters and become one of this year’s biggest stock market winners. Its ubiquitous GPUs have been …Read More NVIDIA Corporation (NASDAQ:NVDA) will release earnings results for the second quarter, after the closing bell on Wednesday, Aug. 27. Analysts expect the Santa Clara, California-based company to report quarterly earnings at $1.00 per share, up fr...
The Company Has Beaten Analyst Estimates For Revenue In 11
The company has beaten analyst estimates for revenue in 11 straight quarters. Nvidia shares rose 1.1% to close at $181.77 on Tuesday. Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
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