Wall Street Races to Lift Nvidia Targets Ahead of Earnings
Nvidia Corp. signage on the floor of American Stock Exchange (AMEX) at the New York Stock Exchange (NYSE).
Photographer: Michael Nagle/BloombergA slew of Wall Street analysts covering Nvidia Corp. are boosting their expectations for the chipmaker’s stock ahead of its quarterly earnings release due Aug. 27.
At least nine analysts have lifted their 12-month price targets on the company this week alone, raising the average price by 3% to nearly $194, the highest on record. The level implies more than 13% upside from where shares traded at Thursday’s close, according to data compiled by Bloomberg.