Ahead of Nvidia earnings, Citi analysts reiterated a buy rating with a $220 price target. Bank of America also reiterated a buy on Nike, calling the recent pullback a great opportunity. Learn about different wealth-building strategies to avoid common mistakes in investing. Always do your own research before following analyst recommendations.
Bank of America analysts are bullish on Nike, seeing potential for sales and margin improvement. Needham analysts note Nike’s progress in their turnaround strategy. Citi analysts are optimistic about Nvidia earnings, expecting sales of $56.8 billion. Bank of America sees Nvidia well-positioned in healthcare and AI.
SoftBank’s sale of its Nvidia stake caused a premarket slip, but analysts expect Nvidia to rebound. Instacart received an upgrade from BMO analysts after strong earnings. Instacart’s integration of AI technology impressed analysts, with revenue up 10.2% year over year. The company plans a significant share repurchase program for long-term value creation.
Read more at Yahoo Finance: Wall Street Loves Nike, NVIDIA and Instacart
