These 2 Analysts Just Raised Their Expectations For NVDIA - Here's Why
Portfolio Pulse from Anusuya Lahiri
Ahead of Nvidia Corp's (NASDAQ:NVDA) quarterly earnings, Rosenblatt analyst Hans Mosesmann reiterated a Buy rating and raised the price target from $600 to $800. He expects a beat and guidance boost due to severe constraints on H100 Hopper platforms. Oppenheimer analyst Patrick Scholes maintained Nvidia with an Outperform and raised the price target from $420 to $500. He sees gaming returning to >$10 billion/year run-rate in 2Q and auto as NVDA’s third growth pillar long-term.
August 17, 2023 | 3:15 pm
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Analysts from Rosenblatt and Oppenheimer have raised their price targets for Nvidia (NASDAQ:NVDA) ahead of its quarterly earnings, indicating positive expectations.
The raised price targets by analysts indicate a positive outlook for Nvidia's upcoming earnings. This could potentially lead to an increase in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100