Nvidia: Jefferies raises target price
(CercleFinance.com) - Jefferies reiterates its Buy recommendation on Nvidia shares, raising its target price for them to $472 (from $300).
"We est that in 2Q23, NVDA DC revs will surpass INTC and AMD combined CPU sales for the first time ever," the analyst said.
Consistent with previous computing eras, Jefferies expects Nvidia "to continue to take shr in the DC until it hits 80%".
"We update our 2026 EPS Power to $17 up from $15", Jefferies adds.
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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.
"We est that in 2Q23, NVDA DC revs will surpass INTC and AMD combined CPU sales for the first time ever," the analyst said.
Consistent with previous computing eras, Jefferies expects Nvidia "to continue to take shr in the DC until it hits 80%".
"We update our 2026 EPS Power to $17 up from $15", Jefferies adds.
Copyright (c) 2023 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.