Citi analyst Atif Malik maintains $NVIDIA (NVDA.US)$ with a buy rating, and adjusts the target price from $150 to $170.
According to TipRanks data, the analyst has a success rate of 72.9% and a total average return of 34.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $NVIDIA (NVDA.US)$'s main analysts recently are as follows:
Expectations for Nvidia's earnings report are positive, with projected October quarter sales to meet targets. Forecasts for January quarter data center sales have been increased to account for substantial Blackwell sales, following the resolution of mask issues, although supply constraints continue to persist.
Optimism persists for Nvidia's shares, with expectations of robust results and future guidance that could propel the stock upwards. Discussions with customers and supply chain analysis suggest that the company's Q3 revenue might land between $34.5B-$35B. For Q4, revenue forecasts are around $37B, with potential to reach as high as $39B once the quarter's results are disclosed in early 2025.
The firm anticipates 'another very good quarter' for Nvidia, with expectations of more significant positive revisions later in the year. This outlook is based on the current supply constraints affecting Blackwell, and to a lesser extent, H200, as conveyed to investors in an earnings preview.
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.
