50
:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2154045576-bd2c7a075a3648708ad31de969ccd9e2.jpg)
Key Takeaways
- Wall Street analysts are more bullish on Nvidia today than they were before the earnings landed.
- The mean price target, as tracked by Visible Alpha, has risen to near $152 from below $143 before the results were reported.
- The shares were sliding Thursday morning as investors digested concerns about slowing growth.
Wall Street analysts are more bullish on Nvidia after its latest earnings than they were before them.
Visible Alpha tracks 23 analysts following the chip giant’s stock. As of late Tuesday, ahead of the highly anticipated release of the quarterly report, 21 had buy or equivalent ratings on the shares; as of today, that’s at 22.
And the mean price target is now $151.73, implying a 21% premium to Wednesday’s close. That’s up from a $141.69 mean before the results landed.
Nvidia reported strong numbers late yesterday, though the shares are falling this morning amid concerns that the red-hot company’s growth may be slowing.
Still, several analysts reiterated bullish calls on the stock today, with some raising price targets.