Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here > The stock currently carries a Zacks Rank 2 (Buy). NVIDIA Corporation (NASDAQ:NVDA) is another semiconductor company providing graphics, compute, and networking solutions in the US, Taiwan, China, and internationally. Right now, Kamich sees an impressive upside price target of 359-to-367. NVDA stock is down around 36 in 2022 and it’s still trading at 48. So, make sure to keep an eye on NVDA going forward to see if this recent jump can turn into more strength down the road. NVDA charts also show few lower shadows below 220, which tells buyers that some traders have been rejecting the lows. Nvidia’s Semiconductor General industry is currently in the bottom third of over 250 Zacks industries. ![]() And a positive trend in earnings estimate revision usually translates into price appreciation. Revenues are expected to be $6.31 billion, up 63.3% from the year-ago quarter.Įarnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.įor Nvidia, the consensus EPS estimate for the quarter has been revised 36.1% higher over the last 30 days to the current level. ![]() This maker of graphics chips for gaming and artificial intelligence is expected to post quarterly earnings of $4.11 per share in its upcoming report, which represents a year-over-year change of +88.5%. The investment research firm’s new target price reflects an upward potential of approximately 14.4% from the stock’s yesterday closing price of $746.29. The upswing came after Jefferies analyst Mark Lipacis raised his price target on NVIDIA to $854 from $740. This compares to the stock's 26.6% gain over the past four weeks. ![]() The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. Nvidia NVDA shares ended the last trading session 4.8% higher at $746.29.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |