Oppenheimer analyst Rick Schafer maintains $NVIDIA (NVDA.US)$ with a buy rating, and adjusts the target price from $150 to $175.
According to TipRanks data, the analyst has a success rate of 71.3% and a total average return of 24.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $NVIDIA (NVDA.US)$'s main analysts recently are as follows:
Anticipation is building for Nvidia's earnings report on November 20, with projections aligning with current October quarter sales expectations. Analysts anticipate an increase in data center sales for the January quarter, factoring in significant revenue from Blackwell sales, following the resolution of the Blackwell mask issues, although supply constraints are still present.
The firm anticipates Nvidia may surpass expectations for Q3 results and the Q4 forecast due to continued demand from cloud service providers and enterprises for AI accelerators. Additionally, there is an expectation of a significant uptick in activity concerning Nvidia's Blackwell in Q1. Discussions with investors indicate the anticipation of around 5-6 million GPUs being modeled for the next year. Nvidia is considered to be in a prime position to capitalize on AI, with advantages stemming from its comprehensive AI hardware and software capabilities.
Note:
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