Nvidia Likely to Outperform in Data Center and Gaming Segments: Goldman Sachs Analyst
Portfolio Pulse from Anusuya Lahiri
Goldman Sachs analyst Toshiya Hari maintains a Buy rating on Nvidia Corp (NVDA) with a price target of $605, anticipating strong performance in the Data Center and Gaming segments. Hari expects Nvidia to outperform in Q3 and Q4 due to a shift towards GPU computing, innovation, and improved supply. He projects Nvidia's Q3 revenue and EPS to be $16.08 billion and $3.45, and Q4 revenue and EPS to be $17.46 billion and $3.81, respectively. NVDA shares were up by 1.95% at $495.84.
November 14, 2023 | 5:55 pm
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Goldman Sachs analyst Toshiya Hari reiterates a Buy rating on Nvidia with a $605 price target, citing expected strong performance in Data Center and Gaming segments, and projecting higher Q3 and Q4 revenues and EPS.
The positive outlook from Goldman Sachs, including expectations of revenue and EPS outperformance, suggests a bullish sentiment for Nvidia's short-term stock performance. The analyst's projections of increased revenue and EPS, along with the company's innovation and market position, support a likely increase in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100