From Nasdaq: 2024-05-27 09:00:15

Nvidia (NVDA) has seen a significant increase in its stock performance, returning +21.4% over the past month. Analysts are projecting earnings of $5.99 per share for the current quarter, with a year-over-year change of +121.9%. The consensus revenue estimate for the current quarter is $28.24 billion, pointing to a year-over-year change of +109.1%.

The Zacks Rank for Nvidia is #1 (Strong Buy) due to positive earnings estimate revisions and other factors. The company has a track record of beating consensus EPS estimates and revenue estimates in the past four quarters. However, based on valuation metrics, Nvidia is currently trading at a premium to its peers, earning a Zacks Value Style Score of F.

Investors are closely watching Nvidia’s future performance, given its recent momentum. Meanwhile, Bitcoin has historically provided the highest returns for investors, outperforming other asset classes. Zacks predicts another significant surge in Bitcoin’s value, following past trends of high returns during presidential election years.

For more information and the latest recommendations from Zacks Investment Research, you can download their free report on the 7 Best Stocks for the Next 30 Days. Nvidia is also highlighted as a trending stock with key facts to consider before making any investment decisions.



Read more at Nasdaq: NVIDIA Corporation (NVDA) Is a Trending Stock: Facts to Know Before Betting on It