From Nasdaq: 2024-05-20 10:54:51

Nvidia (NVDA) will release its fiscal Q1 2025 earnings this week, following its spectacular fiscal Q1 2024 report that helped it reach a $1 trillion market cap. Analysts expect revenue of $24.5 billion and EPS of $5.13 for the quarter. Wall Street is eager to see if NVDA stock can surpass $1,000 post-earnings.

Nvidia’s revenue growth has soared over the past year, with analysts predicting a 98% YoY rise in the fiscal second quarter. The release of the new Blackwell chip may impact growth as Nvidia transitions to this new technology. Investors are eager to hear management’s guidance and commentary on demand dynamics.

Analysts have raised Nvidia’s target price ahead of earnings, with a mean target price of $990.51 reflecting a potential 7.1% increase. Despite some caution about growth, other firms like Jefferies and HSBC have considerably higher target prices. With AI chip demand on the rise, NVDA stock could surpass $1,000 post-earnings, as seen in previous quarters.



Read more at Nasdaq: Nvidia Stock Forecast: Can NVDA Rise Above $1,000 After Earnings?