
Shares of NVIDIA Corp. turned positive in pre-market trading, rising as much as 2% to reach $149.70, after the company reported robust earnings that included a $2 billion beat and a 70% revenue growth guidance. The stock traded in a range between $139.80 and $149.30. Following the earnings release, multiple analysts raised their price targets on the stock. Baird increased its price target to $195 from $150 with an Outperform rating, while HSBC cut its target slightly to $195 from $200 but maintained a Buy rating. Rosenblatt set a new high price target of $220. Other firms such as Evercore ISI, BofA, Jefferies, Mizuho, Wells Fargo, BNP Paribas Exane, Goldman Sachs, Barclays, TD Cowen, Wedbush, Truist, JPMorgan, and Raymond James also raised their price targets, with targets ranging from $160 to $190. Barclays raised its target to $160 from $145. Morningstar upgraded NVIDIA to Hold with a target price of $130. Overall, 9 out of 10 analyst ratings are a Buy, with price targets ranging from $140 to $220, representing potential gains of up to 30%. Investors responded positively to the analyst revisions and strong earnings, pushing NVIDIA's shares into the green in pre-market trading.
$nvda green already. $149.70 will be a big battle
⚠️BREAKING: *NVIDIA SHARES ERASE EARLIER LOSSES TO GAIN 2% PREMARKET $NVDA https://t.co/SaeOtD7NDO
$NVDA | Analyst Ratings & Revisions: 🔸 Wells Fargo: Raised to $185 from $165 – Buy 🔸 BNP Paribas Exane: Raised to $170 from $150 🔸 Goldman Sachs: Raised to $165 from $150 🔸 Morningstar: Upgraded to Hold, Target Price $130



