Banks Raise Nvidia Target Upto $1100: AI Crypto, Mining Stocks Rally
Nvidia has been one of the biggest beneficiaries of the AI boom. The financial numbers released a day ago are a testament to the same. The company registered Q2 revenue of $13.51 billion. This was higher than estimates of $11.19 billion. The company’s EPS stood at $2.70, yet again beating estimates of $2.08. Furthermore, Nvidia expected its Q3 revenue to be around $16 billion, compared to estimates of $12.59 billion. During the trading hours on Wednesday, August 23, NVDA shares rose 3.17%. During the pre-market hours on Thursday, August 24, the price was up 8.13%, and NVDA was seen exchanging hands at $509.45. Several investment banking companies, including Rosenblatt, BofA , JPMorgan , Morgan Stanley , and Deutsche Bank, have raised their NVDA price target range to $560-$1100. $NVDA: Stifel Upgrades to Buy from Hold – PT $600 (from $440)$NVDA: Rosenblatt raises price target to $1,100 from $800 $NVDA: Baird raises price target to $750 from $570 $NVDA: KeyBanc raises p...