Nvidia’s fiscal first-quarter earnings results exceeded expectations, leading to a positive short-term forecast but a negative long-term outlook.
Stock AI’s forecasts:
🟢 -2.0% short-term ⬇️
🔴 -1.5% long-term ⬇️
Stock AI’s (NVDA) Forecast get (+34.4% Profit)
StockAI’s analysis delivers real-world results. On 21 February 2024, $NVDA ($668.21), StockAI predicted a long-term 🟢 buy signal. It was accurate: 1 month later price increased to $898.1 (🟢34.4%). Buying NVDA on this signal yielded a +34.4% profit 💰💰.
NVDA-NVIDIA Corporation News
🟢 NVIDIA’s fiscal first-quarter earnings results are the biggest story, with strong growth and attractive valuation for investors.
🔴 European stocks started the day on May 21 with a slightly weaker note, marking a retreat from their recent impressive performance.
🟢 Rosenblatt Securities reaffirmed its “buy” rating on NVDA stock, with a price target of $1,400.00.
🔴 Evercore ISI raised NVDA’s price target from $1,160.00 to $1,310.00, maintaining an outperform rating on the stock.
🟢 Barclays raised their price target on NVDA from $850.00 to $1,100.00, with an overweight rating on the stock.
🔴 Zacks Research boosted their Q1 2027 EPS estimates for NVIDIA, indicating positive growth prospects.
NVIDIA Corporation’s recent news has been a mix of positive and negative developments, impacting the stock price. The strong fiscal first-quarter earnings results and reaffirmed “buy” ratings have bolstered investor confidence, leading to price increases. However, the slightly weaker performance in European stocks and market retreats have contributed to price declines. Analysts’ price target increases and positive EPS estimates indicate a bullish sentiment towards NVDA stock. Overall, the company’s position in AI chips and strong growth prospects continue to drive investor interest despite some short-term fluctuations in the market.
NVDA-NVIDIA Corporation Analyst Ratings
In recent analyst ratings for NVIDIA Corporation (NASDAQ:NVDA) stock, we have seen some updates:
📉 Barclays raised their price target on NVDA from $850.00 to $1,100.00 with an overweight rating.
📈 Stifel Nicolaus increased their price target on NVDA from $910.00 to $1,085.00 with a buy rating.
📉 Jefferies Financial Group initiated coverage on NVDA with a buy rating and a price target of $1,200.00.
Sources:
– Yahoo Finance
– Investing.com
– ETF Daily News
– Yahoo Finance
– ETF Daily News
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
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