$1400 next? “Doing too well” NVIDIA raises target stock prices one after another
This article uses automatic translation for some of its parts
“The King of AI” $NVIDIA(NVDA.US$The rapid rise is unstoppable.
On 5/23, US Eastern Time, stimulated by financial results that exceeded expectations, NVIDIA shares broke through 1000 dollars, stock prices surged nearly 10%, and market value reached 2.57 trillion dollars. After the financial results were announced, NVIDIA's target stock price was raised one after another by analysts.
On 5/23, US Eastern Time, stimulated by financial results that exceeded expectations, NVIDIA shares broke through 1000 dollars, stock prices surged nearly 10%, and market value reached 2.57 trillion dollars. After the financial results were announced, NVIDIA's target stock price was raised one after another by analysts.
After Wednesday's closing, NVIDIA released its latest quarterly report. Sales increased 18% from the previous quarter,26 billion, up 262% from the same period last yearWhat is the dollar, net profit14.88 billion, up 628% from the same period last yearWhat is the dollar's sales for the second quarter$28 billion compared to the market forecast of $26.6 billionI predicted that.
The company also announced that it will implement a stock split of 10 shares per share on 2024/6/7, and that a quarterly cash dividend of 0.01 dollars per share will be implemented after the split. All key financial indicators surpassed analysts' expectations.
The company also announced that it will implement a stock split of 10 shares per share on 2024/6/7, and that a quarterly cash dividend of 0.01 dollars per share will be implemented after the split. All key financial indicators surpassed analysts' expectations.
War Research analyst Chris Senyek said in the report, “Sales and profit growth may be lower than recent quarters, but what we are most concerned about is earnings forecasts for the second quarter of 2025. As long as it exceeds analysts' expectations, NVIDIAAn important driver of the overall US stock marketIt will continue to be,” he pointed out.
“As demand for Hopper continues to be strong ahead of the transition to Blackwell, NVIDIA anticipates strong outperformance and upward revisions in performance this fiscal year,” Morgan Stanley's Joseph Moore is similarly optimistic.
What supports such optimistic predictions is NVIDIA's support for large-scale language modelsH100Hopper chipand the latest one that will be introduced soonBlackwell graphics processorIt is. There is a possibility that demand for this new chip will exceed supply.
Tristan Gerra, an analyst at the financial research company Baird, revised the forecast upward for NVIDIA's 2025 GPU shipments and data center forecasts that about 4.7 million units will be shipped this year and 6 million units or more next year. Meanwhile, Loop Capital analyst Ananda Baruah predicts that NVIDIA's GPU business opportunities will reach 150 billion dollars in 2024, and there is a possibility that they will reach 160 billion dollars to 200 billion dollars next year.
Since earnings forecasts have been revised, multiple analysts are ahead of financial results reportsIncrease NVIDIA's target stock priceThat's it. Mr Guerra raised his target share price from $1,050 to $1200.
Furthermore, Morgan Stanley raised NVIDIA's target stock price from 1,000 dollars to 1,160 dollars, Wells Fargo from 1,150 dollars to 1,250 dollars, and Goldman Sachs from 1100 dollars to 1200 dollars, respectively. Rosenblatt analysts target stock pricesDeferred at $1400It was there.
However, some analysts say production of NVIDIA's Blackwell chips has begun, and customers may postpone purchases in order to buy more advanced technology, soConcerned about the slowdown in growth compared to the previous quarter and the “air pocket” of year-end salesDoing it. Bank of America ViveKarya predicts that this scenario could lead to a short-term slowdown during the transition period. Arya also pointed out that in the first quarter, the quarterly earnings growth rate fell into the single-digit range for the first time, so there is a possibility that NVIDIA's stock price will gain momentum.
Tristan Gerra, an analyst at the financial research company Baird, revised the forecast upward for NVIDIA's 2025 GPU shipments and data center forecasts that about 4.7 million units will be shipped this year and 6 million units or more next year. Meanwhile, Loop Capital analyst Ananda Baruah predicts that NVIDIA's GPU business opportunities will reach 150 billion dollars in 2024, and there is a possibility that they will reach 160 billion dollars to 200 billion dollars next year.
Since earnings forecasts have been revised, multiple analysts are ahead of financial results reportsIncrease NVIDIA's target stock priceThat's it. Mr Guerra raised his target share price from $1,050 to $1200.
Furthermore, Morgan Stanley raised NVIDIA's target stock price from 1,000 dollars to 1,160 dollars, Wells Fargo from 1,150 dollars to 1,250 dollars, and Goldman Sachs from 1100 dollars to 1200 dollars, respectively. Rosenblatt analysts target stock pricesDeferred at $1400It was there.
However, some analysts say production of NVIDIA's Blackwell chips has begun, and customers may postpone purchases in order to buy more advanced technology, soConcerned about the slowdown in growth compared to the previous quarter and the “air pocket” of year-end salesDoing it. Bank of America ViveKarya predicts that this scenario could lead to a short-term slowdown during the transition period. Arya also pointed out that in the first quarter, the quarterly earnings growth rate fell into the single-digit range for the first time, so there is a possibility that NVIDIA's stock price will gain momentum.
“We may not be able to answer this financial results briefing, but looking at recent customer discussions and supply chain movements, these concerns have been overstated, and it seems that the supply shortage of Hopper chips will continue until at least the end of the year,” UBS analyst Timothy Arcuri said.
Source: Bloomberg, Moomoo
ー MooMoo News Evelyn
This article uses automatic translation for some of its parts
ー MooMoo News Evelyn
This article uses automatic translation for some of its parts
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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wwolfvct : Hey hey, stop kidding
(@_@;)
賢いネバ_1347 : At 1500.