Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Nvidia Rises as Analysts See Strong Results Ahead

Published 08/17/2020, 10:31 AM
Updated 08/17/2020, 10:32 AM
© Reuters.
NVDA
-

By Christiana Sciaudone

Investing.com -- Nvidia (NASDAQ:NVDA) jumped almost 6% after Susquehanna gave it a Street-high price target. 

Analyst Christopher Rolland raised his price target to $540 from $450 two days before the chip manufacturer reports second quarter earnings, according to Seeking Alpha.

 Nvidia should raise its outlook on Ampere gaming GPUs, offsetting a slowdown in H2 data centers, Seeking Alpha reported Rolland as saying. 

Oppenheimer's Rick Schafer also boosted his price target to $500 from $400, expecting strong results this week.

Shares have almost tripled over the past year.

Nvidia is expected to report earnings per share of $1.98 on sales of $3.65 billion when it publishes results this week. 

The stock has 26 buy ratings, three holds and one sell.

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.