
NVIDIA Corporation (NASDAQ: NVDA) was posing a big risk to the market’s continual banking on endless A.I. growth and defying lofty valuations for it and all downstream players in A.I. The leader in A.I. has released earnings and it gave Wall Street enough to cheer its results. The stock opened up nearly 5% higher at $195.95 on Thursday.
Tactical Bulls has tracked many analyst calls on Thursday after NVIDIA’s results. While there were many price target hikes, there was little no extreme caution urged by analysts on Wall Street.
Please note that all analyst ratings, price targets and opinions from the reports are named for each firm issuing their calls. Tactical Bulls has no formal rating and does not have any price target of its own for NVIDIA.
NVIDIA’s market cap is currently $4.75 trillion and the stock was last seen up 44% year-to-date. Its 52-week trading range is $86.62 to $212.19. Here are the top analyst calls seen for NVIDIA on Thursday…
Argus reiterated its Buy rating with a $220 price target.
BofA Securities reiterated its Buy rating and maintained its $250 price objective.
Baird reiterated its Outperform rating and raised its price target to $275 from $225.
Barclays reiterated its Buy rating and raised its price target to $274 from $240.
Benchmark reiterated its Buy rating and raised its price target to $250 from $220.
Bernstein reiterated its Outperform rating and raised its price target to $275 from $225.
Cantor Fitzgerald reiterated its Overweight rating and maintained its price target at $300.
Citi reiterated its Buy rating and raised its price target to $270from $220.
DA Davidson reiterated its Buy rating and maintained its price target at $250.
Deutsche Bank reiterated its Hold rating and raised its price target to $215 from $180.
JPMorgan reiterated its Overweight rating and raised its price target to $250 from $215.
KeyBanc Capital Markets reiterated its Overweight rating and raised its price target to $275 from $250.
Melius Research reiterated its Buy rating and raised its price target to $320 from $300.
Mizuho reiterated its Buy rating and raised its price target to $245 from $345.
Morgan Stanley reiterated its Overweight rating and raised its price target to $235 from $220.
Needham reiterated its Buy rating and maintained its price target at $240.
Rosenblatt reiterated its Buy rating and raised its price target to $245 from $240.
Susquehanna reiterated its Positive rating and raised its price target to $250 from $230.
Wedbush reiterated its Outperform rating and raised its price target to $230 from $210.
These were the Thursday morning news headlines from financial publications:
- (Barron’s) Nvidia Stock Surges on Earnings. How High Shares Could Go Next.
- (Barron’s) Nvidia Stock Surges as Earnings Shut Down AI Bubble Talk. Why There’s More Good News.
- (Dow Jones) Nvidia’s Results Support High Valuation
- (Barron’s) Nvidia Stock Surges as Earnings Hush AI Bubble Talk. There’s More Good News.
- (Dow Jones) Nvidia’s Performance Shows Solid Execution Across Supply Chain
- (Dow Jones) Nvidia’s Solid Performance Calms Markets But Exposes Risks
- (Dow Jones) Nvidia CEO’s Optimism Provides Relief
- (Dow Jones) Nvidia’s Results Ease Bubble Fears
And the Wall Street Journal’s front-page headline of “Nvidia’s Strong Results Show AI Fears Are Premature” came with the tagline of “The chip maker says demand looks strong through next year, while a selloff has made the $4.5 trillion company look cheap.”
Reuter’s business section’s top two NVIDIA headline — “Global tech shares surge as Nvidia’s AI boom powers market rally”… “Tipping point or bubble? Nvidia CEO sees AI transformation while skeptics count the risks”
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