KeyBanc analyst John Vinh also has an overweight rating with a price target of $245.The optimism is shared by Wedbush analyst Matt Bryson. The analyst believes that the company’s growing revenue will lead to a higher upside.įurther, Credit Suisse analyst John Pitzer has a price target of $225 and a buy rating based on the Q2 results. Mark Liacis, a Jefferies analyst, has a buy rating with a price target of $223. The analyst thinks that gaming and automotive will continue to grow well. Rajvindra Gill, a Needham analyst, has a price target of $245 with a buy rating for the shares. The analyst believes that the company’s performance was solid and it has immense opportunity for growth. Benchmark analyst Dave Williams has a buy rating for the stock with a price target of $230. Wall Street loves it too and the stock is soaring because of the buy recommendations from different analysts. I am not the only one bullish on NVDA stock. I believe the successful gaming business and growth of the data centers will take NVDA stock higher and investors should gear up for strong dividends this year as well. It is generating strong revenues through different streams and is constantly growing. The impressive numbers are proof that Nvidia is the top growth company to invest in. The company has set a foot in several industries and is firing on all cylinders. Nvidia enjoys strong liquidity and has managed to pay dividends to the investors in addition to adding aggressively to the research and development expenses.įor the next quarter, the company expects revenue of $6.8 billion and an adjusted gross profit margin of 67%. The company is going to generate stellar revenue from gaming for the coming quarter as well.Ĭash and cash equivalents stood at $19.65 billion, which is up by $11 billion from the same quarter last year. I have previously written about the gold standard set by Nvidia when it comes to gaming and it is only cashing in on it. The data center saw a 35% increase to $2.37 billion. The revenue and earnings per share beat analysts’ estimates.ĭigging deeper into the numbers, gaming revenue saw an 85% rise from last year and hit $3.06 billion. Revenue hit a record $6.5 billion, a 68% year-over-year increase.

Nvidia recently announced the second quarter results that impressed investors.

Should i buy or sell nvda stock