On November 22, the Financial Association reported (Editor: Liu Rui) that Eastern Time on Wednesday, $NVIDIA (NVDA.US)$ it released the highly anticipated third-quarter financial report. Although the revenue and profit figures in this report exceeded the average expectations of analysts, they did not meet the highest expectations, and the revenue guidance for the fourth quarter is narrower than the lead margin relative to analysts' expectations compared to previous quarters. This caused nvidia's stock price to plummet 5.5% in after-hours trading on Wednesday.

Despite this, Wall Street's overall response to Nvidia's financial report was positive. Nvidia's stock price turned positive in Thursday afternoon trading, closing up 0.53% at the end. More than 20 investment firms and institutions on Wall Street have raised their target prices, as analysts expect a sales frenzy with the release of Nvidia's next generation Blackwell chipset.

The moat has been firmly established.

JPMorgan Chase raised Nvidia's target stock price from $155 to $170, emphasizing that the company has built a huge competitive moat around its business.

JPMorgan Chase analyst Harlan Sur wrote: "With its silicon/hardware/software platform and strong ecosystem, the team continues to maintain a competitive advantage over rivals by 1-2 steps. Over time, the team will maintain a positive pace of introducing new products and making more product differentiations, all of which will further widen the gap."

Goldman Sachs expects Nvidia's revenue to exceed $200 billion next year, thus raising its target stock price from $150 to $165.

Even DA Davidson, which had previously rated Nvidia as "Neutral" due to valuation concerns, raised its target price from $90 to $135.

DA Davidson analyst Gil Luria wrote in the report: "Although management did not disclose Blackwell's situation after next quarter, they expect strong demand, while supply is limited, just like Hopper's supply and demand imbalance."

Is a large-scale share buyback on the way?

In addition to the positive factors mentioned by other peers, Goldman Sachs also emphasized that Nvidia also has a "secret weapon" to boost stock prices: a potential massive share buyback plan.

Nvidia repurchased stocks worth $11 billion in the third quarter, a 188% increase from the same period last year. Goldman Sachs stated that it is expected that the company's "share buyback will gradually increase", reaching a cumulative total of $181 billion by 2026.

Ben Reitzes, Director General Manager of Melius Research, stated that Nvidia holds a large amount of cash, so "at some point, they must buy back more stocks."

Rosenblatt Securities continues to set the highest Wall Street target price for Nvidia stocks, raising it from the previous target price of $200 to $220. This means the stock may rise 50% from Thursday's closing price.

According to media statistics, after Nvidia announced its financial report, Wall Street's average target price for Nvidia soared from around $150 per share before the release to around $168 per share.

Editor / jayden