24/7 Wall St. set a price target of $273.83 for NVIDIA (NVDA) and issued a "buy" rating, anticipating continued strong growth in its AI business.
The institution believes that NVIDIA is a pillar of AI infrastructure construction, with strong Q1 earnings performance, non-GAAP EPS of $1.87, and revenue of $81.61 billion, a year-over-year increase of 85.23%. Data center revenue reached $75.25 billion, and networking business grew by 199%. Management expects Q2 revenue to reach $91 billion and has raised its supply commitment to $145 billion. The analyst consensus target price is $302.83, with 58 buy ratings.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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