Key Takeaways
- Wall Street is broadly bullish on Nvidia's stock ahead of its Wednesday earnings report.
- Nearly all of the analysts covering the chip giant have buy or equivalent ratings on the shares, according to Visible Alpha.
- The Street's mean consensus price target implies a 14% premium to Tuesday's close.
Chip giant Nvidia’s latest quarterly financial results, due Wednesday after the closing bell, will be one of the week’s most closely watched stock-market events. The results will land with shares of the AI chi🍌pmaker up more than 150% this year through Tuesday's close—and Wall Street is broadly bullish on the stock.
According to data as of late Tuesday, nearly all of the analysts covering Nvidia (NVDA) aཧnd tracked by Visible Alpha — 21 of 23 — have buy or equivalent ratings on the shares.
The Street’s mean consensus price target is $145.69, indicating a 14% premium to Tuesday's close above $128. The targets used in that consensus range from $100 to $180.
Investors will be watching for 澳洲幸运5官方开奖结果体彩网:a dramatic move in the company's shares when the numbers arrive. Here’s 澳洲幸运5官方开奖结果体彩网:what you need to know about Nvidia’s upcoming earnings report.
UPDATE: This article has been updated to reflect Tuesday's closing prices.