NVIDIA (NVDA): Datacenter Drives Another Beat; $300 PT - Goldman Sachs
Goldman Sachs analyst, Toshiya Hari, reiterated his Buy rating on shares of NVIDIA (NASDAQ: NVDA) and raised his price target to $300 from $281 after the company delivered its 10th consecutive beat and raise quarter with FY4Q revenue and EPS exceeding Street expectations by 9%/29% and the company guiding FY1Q revenue and EPS 18%/45% above the Street.
The analayst stated "Datacenter, which was once again under tight investor scrutiny, did not disappoint, posting 100%+ yoy growth in the quarter. Importantly, the company called out inferencing as a contributor to growth after noting initial traction last quarter, which we view as a positive given the relative size of the opportunity (i.e. $15bn vs $11bn for training, which is driving the business today)".
Shares of NVIDIA closed at $217.52 yesterday.