Nvidia Stocks Promising: Analysts Push for 'Table-Pounding Buy'
Nvidia Stocks: A Strong Buy Signal
As Nvidia stocks (NASDAQ: NVDA) approach their Q2 earnings report on August 28, Bank of America analysts have categorized NVDA as a 'table-pounding buy.' Analyst Alexander Perry highlighted a remarkable 964% increase in Nvidia's share price since October 2022.
Market Dynamics and Potential
Perry noted that despite potential market fluctuations, Nvidia stocks provide a ripe opportunity for investors. On August 23, NVDA shares sold at $129.37 after a 4.55% gain.
Expectations from Q2 Earnings
Wall Street anticipates Nvidia will post earnings per share (EPS) of $0.64, reflecting a 134% yearly increase. Predictions suggest revenue could hit $28.71 billion, marking a 113% rise from last year's same quarter.
Future Price Projections
Melius analyst Ben Reitzes forecasts Nvidia stocks may climb to $160 soon, driven by ongoing demand and strong sales from data center equipment.
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