What Analysts Think of Nvidia Stock Ahead of Earnings
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Analysts update Nvidia stock price target ahead of Q1 earnings
Wall Street remains largely bullish on Nvidia (NASDAQ: NVDA) stock ahead of the firm’s fiscal Q1 earnings report, scheduled for May 28. Analysts, on average, expect the semiconductor giant to post revenue of $43.38 billion, up 66% year-over-year, with an adjusted net income of $21.29 billion, primarily driven by its leadership in artificial intelligence (AI). Meanwhile, Nvidia shares continue to hold above the $130 support level, ending the las…
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