Analyst Reiterates "Buy" on Nvidia, Sets $262.81 Price Target Amid Strong Financials and Buyback
24/7 Wall St. has reiterated a "Buy" rating on Nvidia, setting a price target of $262.81, which implies a 27% potential upside. This assessment is based on Nvidia's strong Q1 revenue of $81.6 billion, an 85% year-over-year increase, and robust Q2 guidance projecting $91 billion in revenue with a 75% gross margin. Furthermore, Nvidia's board authorized an additional $80 billion share buyback and increased the quarterly dividend to $0.25.
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