Nvidia (NVDA) Gets $190 Target as Q4 Earnings Likely to Outperform
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With AI demand surging on Wall Street in 2024, the sector was expected to drive continued investment interest this year. Although volatility has still been ever-present, there is still one entity leading the pact. Indeed, Nvidia (NVDA) has continued to lead the way with a new $190 target as its Q4 earnings are expected to outperform.
The company is set to get critical earnings data in less than a week. Moreover, it could propel the stock as it looks to retake the $140 level. Although it is still trying to rebound from a panic sell-off that took place earlier in the year, there are many who project it to inch much closer to the $200 mark in 2025.
Also Read: Nvidia (NVDA): Why Analysts Say Stock Looks ‘Spectacular’ Before Earnings
Nvidia Q4 Earnings Are Expected to Push Stock Closer to $200 Mark
Entering 2025, there were few companies that had the kind of potential that Nvidia had. Riding the AI wave, the company had a chance to be the first to reach a $4 trillion market cap. However, that likelihood derailed with the arrival of AI startup DeepSeek.
Although the stock took a hit, things look to be back on track. Indeed, Nvidia (NVDA) has officially gotten a $190 target from KeyBanc Capital Markets as its earnings report is likely to outperform. Specifically, the company is poised to unveil earnings data in just six days, as shares could get a noticeable lift.
Also Read: Nvidia: Is NVDA The Best Magnificent Stock to Buy This Month?
The firm “anticipates Nvida to report robust fourth-quarter results that are expected to exceed expectations,” the firm said according to an Investing report. Moreover, their outlook embraces the belief that this data will all but clear out any concerns regarding DeepSeek’s lasting impact on the AI sector.
The positive outlook by KeyBlanc is certainly not an isolated one. The stock currently holds a median price target of $175, according to CNN data. However, its high-end projection is at the $220 mark, which denotes a 58% upside from its current position. Of 68 surveyed analysts, 91% currently issue a buy rating on the AI behemoth.
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Nvidia (NVDA) Gets $190 Target as Q4 Earnings Likely to Outperform
Поделиться:
With AI demand surging on Wall Street in 2024, the sector was expected to drive continued investment interest this year. Although volatility has still been ever-present, there is still one entity leading the pact. Indeed, Nvidia (NVDA) has continued to lead the way with a new $190 target as its Q4 earnings are expected to outperform.
The company is set to get critical earnings data in less than a week. Moreover, it could propel the stock as it looks to retake the $140 level. Although it is still trying to rebound from a panic sell-off that took place earlier in the year, there are many who project it to inch much closer to the $200 mark in 2025.
Also Read: Nvidia (NVDA): Why Analysts Say Stock Looks ‘Spectacular’ Before Earnings
Nvidia Q4 Earnings Are Expected to Push Stock Closer to $200 Mark
Entering 2025, there were few companies that had the kind of potential that Nvidia had. Riding the AI wave, the company had a chance to be the first to reach a $4 trillion market cap. However, that likelihood derailed with the arrival of AI startup DeepSeek.
Although the stock took a hit, things look to be back on track. Indeed, Nvidia (NVDA) has officially gotten a $190 target from KeyBanc Capital Markets as its earnings report is likely to outperform. Specifically, the company is poised to unveil earnings data in just six days, as shares could get a noticeable lift.
Also Read: Nvidia: Is NVDA The Best Magnificent Stock to Buy This Month?
The firm “anticipates Nvida to report robust fourth-quarter results that are expected to exceed expectations,” the firm said according to an Investing report. Moreover, their outlook embraces the belief that this data will all but clear out any concerns regarding DeepSeek’s lasting impact on the AI sector.
The positive outlook by KeyBlanc is certainly not an isolated one. The stock currently holds a median price target of $175, according to CNN data. However, its high-end projection is at the $220 mark, which denotes a 58% upside from its current position. Of 68 surveyed analysts, 91% currently issue a buy rating on the AI behemoth.
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Did George Soros Get Arrested in the US? Here’s What We Know