NVIDIA (NVDA) Stock Target Raised as Earnings Loom

NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks Hit with New Analyst Ratings. One of the biggest analyst calls on Tuesday, August 26, was for Nvidia.

CFRA reiterated the stock as “Buy” and raised its price target on the stock. The firm is bullish on Nvidia heading into earnings on Wednesday after the bell.

“We lift our target price to $206 from $196, on P/E of 29x our CY [calendar year] 27 EPS view.”

NVIDIA (NVDA) Stock Target Raised as Earnings Loom

Analyst Angelo Zino spoke in an interview with AInvest’s Adam Shapiro, stating how he is anticipating another strong set of numbers for the AI chipmaker.

“Yeah, I mean, we’re expecting another set of good results here, Adam, as far as Nvidia on the top line. We’re looking at north of 50% growth, both here for the July quarter as well as for the October quarter.”

NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services.

While we acknowledge the risk and potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NVDA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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