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Key Takeaways
- Wall Street is broadly bullish on Nvidia’s stock ahead of its Wednesday earnings report.
- Nearly all of the analysts covering the chip giant have buy or equivalent ratings on the shares, according to Visible Alpha.
- The Street’s mean consensus price target implies a 15% premium to Monday’s close.
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.