SIG analyst Christopher Rolland maintains $NVIDIA (NVDA.US)$ with a buy rating, and adjusts the target price from $160 to $180.
According to TipRanks data, the analyst has a success rate of 62.9% and a total average return of 24.8% 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 performance ahead of the earnings report on November 20 are positive, with projections aligning with the company's October quarter sales. Forecasts for January quarter data center sales have been increased to account for significant Blackwell sales, following the resolution of the Blackwell mask issues. However, supply constraints continue to be a factor.
Anticipation for Nvidia's upcoming quarterly results and following period outlook is high, with expectations of continued demand from CSPs and enterprises for AI accelerators driving this optimism. Moreover, there is a projection of a substantial uptick in demand commencing in Blackwell Q1. Based on discussions with investors, there is a forecast of significant GPU sales in the next year. Nvidia is seen as a frontrunner in the AI space, gaining from its comprehensive AI hardware and software capabilities.
Note:
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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.
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