From Nasdaq: 2024-11-21 18:59:00

Target and Nvidia are in the spotlight after their Q3 results. Target’s stock dropped over 20% while Nvidia’s remained flat despite exceeding revenue estimates. Target’s Q3 sales of $25.66 billion missed expectations, with earnings per share falling 12%. Nvidia’s Q3 sales hit a record $35.08 billion, doubling EPS from the previous year. Nvidia’s Blackwell GPUs are already sold out for the next 12 months. Target’s Q4 guidance falls below estimates, while Nvidia expects Q4 revenue to be $37.5 billion. Nvidia’s stock is a Strong Buy, while Target’s shares are rated as Hold. An expert has named a stock pick expected to double in value.



Read more at Nasdaq: Q3 Earnings Buzz: Target Stock Falls Nvidia Shares Flat