(News Bulletin 247) – Wedbush reaffirms its ‘outperformance’ opinion on Nvidia and raises its price target from 490 to 600 dollars, the day after the publication by the chip designer of results which ‘have once again shattered the expectations of investors’.
‘Not only did its results substantially beat the consensus, but its forecast implies growth in data center revenues in the third quarter faster than anticipated by the most ambitious projections’, underlines the broker.
Even with what it calls ‘conservative’ growth assumptions, Wedbush says its estimates still rise substantially, with estimated FY2026 EPS rising about 40% to $17.14. .
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