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What Wall Street Analysts Think of Nvidia’s Stock Ahead of Earnings
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Key Takeaways
Chip giant Nvidia’s latest quarterly financial results, due Wednesday after the closing bell, will be one of the week’s most closely watched stock-market events . The results will land with shares of the AI chipmaker up more than 150% this year through Monday’s close—and Wall Street is broadly bullish on the stock.
According to data as of late Monday, nearly all of the analysts covering Nvidia ( NVDA ) and tracked by Visible Alpha - 21 of 23 - have buy or equivalent ratings on the shares.
The Street’s mean consensus price target is $145.69, indicating a 15% premium to Monday’s close above $126. The targets used in that consensus range from $100 to $180.
Here’s
what you need to know
about Nvidia’s upcoming earnings report.
Read the original article on Investopedia .