Nvidia Analyst Lifts Price Target Ahead Of Q1 Results: 'Should Warrant A Meaningful Premium vs Semiconductor Peers'
Portfolio Pulse from Shanthi Rexaline
Nvidia is set to report Q1 results with an expected EPS of $0.92 and revenue of $6.52 billion. KeyBanc analyst John Vinh maintains an Overweight rating on Nvidia shares and raises the price target from $320 to $375, citing the company's strong position in generative AI and multiple new product cycles.
May 22, 2023 | 10:06 am
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KeyBanc analyst John Vinh raises Nvidia's price target from $320 to $375, citing the company's strong position in generative AI and multiple new product cycles.
The raised price target by KeyBanc analyst John Vinh is based on Nvidia's strong position in generative AI and multiple new product cycles across data center and gaming. This positive outlook on the company's future growth and performance is likely to have a positive short-term impact on the stock price.
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