Nvidia Exceeds Analyst Expectations in Fiscal Fourth QuarterNvidia, the graphic processing unit designer, reported strong earnings in its fiscal fourth quarter, surpassing analysts' expectations. The company earned an adjusted 89 cents per share on revenue of $39.33 billion, beating the projected 84 cents per share and revenue of $38.05 billion.
While the April gross margin guidance fell slightly below Wall Street consensus, Nvidia's performance was still impressive.Analysts from major firms on Wall Street shared their insights on Nvidia's report. Morgan Stanley, with an overweight rating, raised its price target to $162 per share, implying a 23% upside from the previous close. Citi, also with a buy rating, set a price target of $163 per share, indicating a 24% potential upside.
Nvidia Exceeds Analyst Expectations in Fiscal Fourth Quarter
JPMorgan's overweight rating came with a $170 per share price target, projecting a 29% increase. Barclays, with an overweight rating, set a price target of $175 per share, foreseeing a 33% rise. Evercore ISI, with an outperform rating, set the highest price target at $190 per share, anticipating a 45% increase. Bank of America, with a buy rating, raised its price target to $200 per share, indicating a 52% upside.
In the fiscal fourth quarter, Nvidia, the graphic processing unit designer, reported earnings of 89 cents per share on $39.33 billion in revenue, surpassing analysts' expectations of 84 cents per share and $38.05 billion in revenue.
Nvidia's Gross Margin Guidance Falls Slightly Below Wall Street Consensus
The strong earnings report from Nvidia is a testament to the company's continued success in the competitive chipmaking industry. With innovative products and a solid growth strategy, Nvidia has been able to outperform market expectations and deliver impressive results.
Investors and industry experts are now looking forward to seeing how Nvidia will continue to innovate and drive growth in the future. The company's ability to consistently outperform expectations proves its resilience and strength in the market, making it a key player to watch in the tech industry.
Despite beating earnings expectations, Nvidia's April gross margin guidance of 71% was slightly below what was anticipated by Wall Street, which may have led to a subdued post-earnings reaction in the stock market.
Analysts' Views on Nvidia's Performance
Analysts highlighted Nvidia's strong performance in the Blackwell segment, with sales exceeding expectations and a positive outlook for future growth. Despite some concerns about gross margin outlook, analysts remain optimistic about Nvidia's long-term prospects, citing the company's strong position in AI and compute-intensive applications
Overall, Nvidia's impressive earnings report and outlook have garnered positive reviews from analysts, with many seeing the company as well-positioned for continued growth and success in the semiconductor industry.
Analysts from various financial institutions shared their insights on Nvidia's report and performance in the market.
Morgan Stanley's Perspective
Morgan Stanley's analyst Joseph Moore raised the price target for Nvidia to $162 per share, citing remarkable growth and positive outlook for the company's future.
Citi's Analysis
Citi's analyst Atif Malik highlighted Nvidia's strong Blackwell sales and accelerating demand, emphasizing the company's attractive valuation for long-term investors.
JPMorgan's Assessment
JPMorgan's analyst Harlan Sur pointed out the strong demand for Nvidia's products, especially Blackwell, and commended the company's innovative approach to AI model advancements.
Barclays' Evaluation
Barclays' analyst Tom O'Malley acknowledged Nvidia's performance, noting that the company has successfully navigated through product transitions and maintained a competitive position in the market.
Evercore ISI's Outlook
Evercore ISI's analyst Mark Lipacis expressed optimism about Nvidia's future, highlighting the company's strong performance in the market and positive outlook for Blackwell revenue.
Bank of America's Recommendation
Bank of America's analyst Vivek Arya reiterated a Buy rating for Nvidia, emphasizing the company's dominant position in the AI market and its potential for growth and innovation.
