NVIDIA (NVDA) Reiterated at Overweight by Cantor Fitzgerald on Beat and Raise Quarter

Cantor Fitzgerald analyst C.J. Muse reiterated an Overweight rating and $350.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst commented, "As no surprise, NVIDIA offered a solid beat-and-raise for the July/October quarters. What is very incremental is NVIDIA once again indicating that Compute is sold out but nevertheless guiding CY27 revenues to grow by at least 70% (cons 46%) – implying CY27 revenues of ~$685-690B or more than $127B above consensus of $558B. Importantly, mgmt highlighted that demand is in excess of 100% growth or more, with the entire Semiconductor supply chain tight and limiting further upside (though we suspect mgmt will take #s higher throughout next CY)."

For an analyst ratings summary and ratings history on NVIDIA click here. For more ratings news on NVIDIA click here.

Shares of NVIDIA closed at $209.66 yesterday.

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