
Nvidia: stock up sharply, with broker raising TP
(CercleFinance.com) - Nvidia rose 4.
5% in New York on Friday, after Wedbush reiterated its 'outperform' rating on the stock, with a target price raised from $120 to $138.
The analyst is confident, forecasting stronger Q2 results and robust third-quarter guidance.
Regarding Q2 results, to be published this week, the broker raises its forecasts, now expecting EPS of $0.67 and revenues of $30bn, against a consensus of $0.64 and $28.6bn respectively.
We are raising our July and October expectations by around $2bn each, due exclusively to higher assumptions for data centers, which have more than offset slight downgrades for the gaming business, it explains.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
5% in New York on Friday, after Wedbush reiterated its 'outperform' rating on the stock, with a target price raised from $120 to $138.
The analyst is confident, forecasting stronger Q2 results and robust third-quarter guidance.
Regarding Q2 results, to be published this week, the broker raises its forecasts, now expecting EPS of $0.67 and revenues of $30bn, against a consensus of $0.64 and $28.6bn respectively.
We are raising our July and October expectations by around $2bn each, due exclusively to higher assumptions for data centers, which have more than offset slight downgrades for the gaming business, it explains.
Copyright (c) 2024 CercleFinance.com. All rights reserved.