Nvidia: Wedbush raises target price
(CercleFinance.com) - Wedbush reiterates its 'outperform' rating on Nvidia shares, raising its target price for them from $120 to $138, expressing confidence in stronger second-quarter results and robust third-quarter guidance.
For Q2 results, to be released next week, the broker raises its guidance to EPS of $0.67 and revenues of $30bn, vs. consensus of $0.64 and $28.6bn respectively.
We are raising our July and October expectations by around $2bn each, exclusively due to higher assumptions for data centers, which more than offset slight downgrades for the gaming business, it explains.
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The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
For Q2 results, to be released next week, the broker raises its guidance to EPS of $0.67 and revenues of $30bn, vs. consensus of $0.64 and $28.6bn respectively.
We are raising our July and October expectations by around $2bn each, exclusively due to higher assumptions for data centers, which more than offset slight downgrades for the gaming business, it explains.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.