Analysts at Bank of America just reiterated a buy rating on Nvidia.
The firm said, as quoted by CNBC, “Our $275 PO is based on 28x CY27E PE ex cash, within NVDA’s historical 25x-56x forward year PE range, which we believe is justified by NVDA’s leading share in fast growing AI compute/networking markets, offset by lumpiness in global AI projects, cyclical gaming market, and concerns around access to power.”
Also, as we reported earlier today, Goldman Sachs is a big fan of the stock.
The firm has a buy rating with a $250 price target on the tech giant. It also expects Nvidia to post another beat and raise quarter when it posts earnings on February 25. They also expect NVDA to deliver a $2 billion revenue surprise and for it to outperform bottom-line numbers.
“We expect Nvidia to deliver a ~$2bn revenue beat in 4Q, and we stand 8% above the Street for 1Q revenue,” wrote the analysts in a research note shared with TheStreet. “Our 4Q and 1Q EPS estimates are 5% and 9% above the Street.”
Contact [email protected] for any questions or corrections.
Since bottoming out at around $67.50 in early January, the stock is now up to $79.03 heading into its report. At the moment, KO is expected to post revenue of about $12 billion, up 4% year over year. Adjusted EPS of 57 cents is also expected, which would be 3.6% growth.
Analysts at UBS have a buy rating on the KO stock with an $82 price target.
As noted by Investing.com, “UBS analyst Peter Grom forecasts fourth-quarter earnings per share of $0.56, slightly below the Visible Alpha consensus of $0.57, but still expects Coca-Cola to deliver ‘another quarter of +MSD organic growth’ with initial guidance pointing to another on-algorithm year ahead.”
It’s always a good idea to pay close attention to analyst upgrades. Often, they’re influenced by (1) company fundamentals, such as financial health, future growth, and even meetings with management; (2) industry and market…
Shares of Lemonade (NYSE: LMND) are rocketing about 20%, or $11 higher this morning. All after the company posted stronger than expected earnings, and raised its guidance again. While it posted an EPS loss…
After testing all-time highs, the major indices are in the red this morning. Dow futures are down 301 points. Nasdaq futures are down 344, as the S&P 500 sinks about 70 points. All thanks…
While there are concerns that the AI bubble could pop, we’re not buying into it. In fact, as pointed out by Rich Duprey, “Proponents like Mark Cuban emphasize the light-bulb moment: AI is infrastructure…
The major indices are exploding higher – again. All thanks to impressive earnings, cooling trade war tensions, interest rate cuts from the Federal Reserve, and cooling inflation. No wonder analysts are still pounding the…
Futures are pointing to a lower open again. At the moment, the Dow is down 163 points. The S&P 500 is down about 19, with the Nasdaq down about 61 points. “Markets are on…
The major indices are exploding to higher – again. Look at the S&P 500 , now up 0.84%, 60 points in premarket, it’s now up to 6,913. In part thanks to impressive earnings beat…
The S&P 500 is in the red this morning, down about 10 points. The SPDR S&P 500 ETF (SPY) is down about $1.66. Meanwhile, the Dow Jones is down 88 points, while the NASDAQ…
Wells Fargo just reiterated its overweight rating on Nvidia, raising its price target to $220 ahead of earnings. “With strong intra-qtr demand data points + reports of approved licenses to resume H20 sales into…
