(News Bulletin 247) – Jefferies confirms its buy rating on Nvidia shares, with a price target raised from 500 to 610 dollars.
The analyst reports that Nvidia recorded a second consecutive quarter of significant increase in its results, giving the impression that the company could become a dominant ecosystem, at a time when computing evolves towards the age of processors.
Three months ago, EPS had already exceeded expectations by 30%. Nvidia did even better, this time beating consensus forecasts by 38%.
In this context, Jefferies now anticipates EPS of $23 for 2026, against $17 previously and specifies that this increase could even be conservative, given its equity analyses.
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