Analysts expect another strong earnings report from Nvidia, lift stock targets

) is set 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.

“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. Therefore, the investment bank considers NVDA shares “fully valued,” reiterating a Hold rating ahead of the report.

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.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here are the 6 stocks that rise when Nvidia shares fallCNBC Pro screened for stocks that are inversely correlated to Nvida's over a month and year period after the stock fell into correction territory this month.
Source: CNBC - 🏆 12. / 72 Read more »

Stock Market Today: S&P 500 extends losing streak on Nvidia, Netflix slumpStock Market Today: S&P 500 extends losing streak on Nvidia, Netflix slump
Source: Investingcom - 🏆 450. / 53 Read more »