Trading Strategies For Nvidia Stock Before And After Q1 Earnings
Portfolio Pulse from Melanie Schaffer
NVIDIA Corporation (NASDAQ:NVDA) is trading lower ahead of its Q1 2024 earnings release. Analysts estimate earnings per share of 92 cents on revenues of $6.52 billion. Citigroup analyst Atif Malik maintained a Buy rating and raised the price target from $305 to $363, while other analysts also raised their price targets.
May 24, 2023 | 7:18 pm
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NVIDIA's stock is trading lower ahead of Q1 2024 earnings, with analysts estimating EPS of 92 cents on $6.52 billion revenue. Price targets have been raised by Citigroup and other analysts.
NVIDIA's stock price may be impacted by the upcoming Q1 2024 earnings release. Analysts' estimates and raised price targets could influence investor sentiment and stock price. However, the short-term impact is uncertain as stocks can react bullishly to an earnings miss and bearishly to an earnings beat.
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RELEVANCE 100