Nvidia guidance tops estimates as AI-led chip demand continues; shares jump

NVIDIA (NVDA) PT Raised to $925 at New Street Research

New Street Research analyst Pierre Ferragu raised the price target on NVIDIA (NASDAQ: NVDA) to $925.00 (from $535.00) while maintaining a Buy rating.

NVIDIA (NVDA) PT Raised to $840 at CFRA

CFRA analyst Angelo Zino raised the price target on NVIDIA (NASDAQ: NVDA) to $840.00 (from $700.00) while maintaining a Buy rating.

The analyst comments "We lift our 12-month target to $840 from $700, on P/E of 30x our CY 25 EPS view, above peers/ below... More

NVIDIA (NVDA) PT Raised to $875 at Goldman Sachs, 'Robust Gen AI infrastructure'

Goldman Sachs analyst Toshiya Hari raised the price target on NVIDIA (NASDAQ: NVDA) to $875.00 (from $800.00) while maintaining a Conviction Buy rating.

The analyst comments "

Nvidia delivered against what was seemingly a very high bar with Data Center once again serving as the key growth driver. Looking ahead, despite the >3x yoy increase in Data Center revenue in... More

NVIDIA (NVDA) PT Raised to $911 at Truist Securities, 'Buy NDA for persistent AI leadership'

(Updated - February 22, 2024 4:14 AM EST)

Truist Securities analyst William Stein raised the price target on NVIDIA (NASDAQ: NVDA) to $911.00 (from $691.00) while maintaining a Buy rating.

The analyst comments "NVDA's upside is "big enough" for the stock to continue to run. NVDA's... More

NVIDIA (NVDA) PT Raised to $925 at BofA Securities

BofA Securities analyst Vivek Arya raised the price target on NVIDIA (NASDAQ: NVDA) to $925.00 (from $800.00) while maintaining a Buy rating.... More

NVIDIA (NVDA) PT Raised to $795 at Morgan Stanley, 'shines vs. high expectations'

(Updated - February 22, 2024 4:13 AM EST)

Morgan Stanley analyst Joseph Moore raised the price target on NVIDIA (NASDAQ: NVDA) to $795.00 (from $750.00) while maintaining a Overweight rating.

The analyst comments "The focus on declining H100 lead times created a buying opportunity in December as we had highlighted, and in our view the move from $500 to $600 was from indications that short term demand remained... More

NVIDIA (NVDA) PT Raised to $900 at Wolfe Research, Remains on Wolfe Alpha List

Wolfe Research analyst Chris Caso raised the price target on NVIDIA (NASDAQ: NVDA) to $900.00 (from $630.00) while maintaining a Outperform rating.

The analyst comments "NVDA posted another strong quarter, with continued strength in AI demand. While incremental supply has been added, demand still... More

NVIDIA (NVDA) PT Raised to $1,000 at Bernstein, 'Mo' money, no problems...'

(Updated - February 22, 2024 4:09 AM EST)

Bernstein analyst Stacy Rasgon raised the price target on NVIDIA (NASDAQ: NVDA) to $1,000.00 (from $700.00) while maintaining a Outperform rating.

The analyst comments "NVIDIA's FQ4 results were once again remarkable, well above consensus ($22,103M/$5.16 vs Street at $20,412M/$4.60) with upside across all segments though driven primarily by Datacenter which rose to new record levels of ~$18.4B (Street at ~$17.2B). Amid high expectations the company once again delivered, with very strong FQ1 guidance... More

NVIDIA (NVDA) PT Raised to $900 at Cantor Fitzgerald, 'remains a TOP PICK'

(Updated - February 22, 2024 6:44 AM EST)

Cantor Fitzgerald analyst C.J. Muse raised the price target on NVIDIA (NASDAQ: NVDA) to $900.00 (from $775.00) while maintaining a Overweight rating.

The analyst comments "Amidst very high expectations, NVIDIA certainly delivered tonight. $2B beat... More

NVIDIA (NVDA) PT Raised to $620 at DA Davidson, Remains Sidelined, 'Accelerated Demand Driving Unprecedented Growth'

(Updated - February 22, 2024 4:11 AM EST)

DA Davidson analyst Gil Luria raised the price target on NVIDIA (NASDAQ: NVDA) to $620.00 (from $410.00) while maintaining a Neutral rating.

The analyst comments "Strong 4Q24 earnings were underscored by a notable beat on both top-line and... More

NVIDIA (NVDA) PT Raised to $720 at Deutsche Bank, 'The joyride continues'

(Updated - February 22, 2024 4:38 AM EST)

Deutsche Bank analyst Ross Seymore raised the price target on NVIDIA (NASDAQ: NVDA) to $720.00 (from $560.00) while maintaining a Hold rating.

The analyst comments "As previewed, NVDA delivered its fourth straight quarter of multi-billion dollar revenue upside, albeit with this beat largely already... More

NVIDIA (NVDA) PT Raised to $910 at Stifel, 'AI Growth Continues to Impress'

(Updated - February 22, 2024 4:39 AM EST)

Stifel analyst Ruben Roy raised the price target on NVIDIA (NASDAQ: NVDA) to $910.00 (from $865.00) while maintaining a Buy rating.

The analyst comments "NVDA delivered on high expectations with acceleration in DC segment revenue (+409% y/y) and a... More

NVIDIA (NVDA) PT Lowered to $800 at UBS, 'AI Still Early Innings'

UBS analyst Timothy Arcuri lowered the price target on NVIDIA (NASDAQ: NVDA) to $800.00 (from $850.00) while maintaining a Buy rating.

The analyst comments "Results + guidance both beat Street by $2B (consistent with last Q) and the demand commentary around the new B100... More

NVIDIA (NVDA) PT Raised to $850 at JPMorgan, 'Demand Continues to Outstrip Supply Through CY24'

(Updated - February 22, 2024 4:10 AM EST)

JPMorgan analyst Harlan Sur raised the price target on NVIDIA (NASDAQ: NVDA) to $850.00 (from $650.00) while maintaining a Overweight rating.

The analyst comments "NVIDIA reported Jan results (revenue/GMs/EPS ) well above consensus and off of a higher Jan-Qtr revenue base, the team guided to a 9% Q/Q increase in the Apr-Qtr, well-above consensus on continued strong spending from its customers to support their AI/accelerated compute initiatives (both training/inference). More importantly, the team noted that demand will continue to outstrip supply through... More

NVIDIA (NVDA) PT Raised to $880 at HSBC

HSBC analyst Frank Lee raised the price target on NVIDIA (NASDAQ: NVDA) to $880.00 (from $835.00) while maintaining a Buy rating.... More

NVIDIA (NVDA) PT Raised to $1,100 at KeyBanc, 'Strong Gen AI Demand Improving Supply Drives Beat and Raise Results'

KeyBanc analyst John Vinh raised the price target on NVIDIA (NASDAQ: NVDA) to $1,100.00 (from $740.00) while maintaining a Overweight rating.

The analyst comments "NVDA reported F4Q results and F1Q guidance, which were well above expectations. Upside was mainly due to... More

Citi Comments on NVIDIA (NVDA) Earnings, Offers Focus Points Before The Conference Call

Citi analyst Atif Malik reiterated a Buy rating and $575.00 price target on NVIDIA (NASDAQ: NVDA)

The analyst comments "Fundamentals: NVDA reported Jan-Q revs/non-GAAP EPS (ex-SBC) of $22.1B/$5.16 vs. our $20B/$4.58 (ex-SBC) and Streets (FactSet) $20.4B/$4.59 and guided Apr-Q revenue to $24B (at MP) vs. our $20B and Streets $21.5B. Higher Hopper GPU shipments... More