On Oct 11, major Wall Street analysts update their ratings for $NVIDIA (NVDA.US)$, with price targets ranging from $150 to $150.
Morgan Stanley analyst Joseph Moore maintains with a buy rating, and maintains the target price at $150.
Goldman Sachs analyst Toshiya Hari maintains with a buy rating, and adjusts the target price from $135 to $150.
Evercore analyst Mark Lipacis maintains with a buy rating, and maintains the target price at $150.
DBS analyst Fang Boon Foo maintains with a buy rating.
Furthermore, according to the comprehensive report, the opinions of $NVIDIA (NVDA.US)$'s main analysts recently are as follows:
Following a group investor meeting with Nvidia's leadership, an analyst has come to a more robust understanding of the company's competitive edge. This understanding is particularly focused on the anticipated growth in complexity of Inference workloads and the subsequent demand for computing. Apart from these discussions, the analyst has adjusted future revenue and non-GAAP EPS forecasts upwards by an average of 7% and 8%, respectively. This revision reflects the latest trends in the industry, such as increased cloud capital expenditures and strong order patterns observed at leading AI server manufacturers.
Here are the latest investment ratings and price targets for $NVIDIA (NVDA.US)$ from 4 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
