NVIDIA Corporation NVDA is poised to unveil its earnings results for the fourth quarter, subsequent to the closing bell on Feb. 21, 2024.
Analysts anticipate the company to reveal quarterly earnings at $4.64 per share, marking a significant increase from year-ago earnings of 88 cents per share. As per data from Benzinga Pro, the company is expected to announce revenue of $20.62 billion for the latest quarter, compared to $6.05 billion in the year-earlier quarter.
Nvidia recently showcased its investment portfolio, featuring stakes in Arm Holdings Plc ARM, SoundHound AI Inc SOUN, and Recursion Pharmaceuticals Inc RXRX.
NVIDIA shares experienced a 4.4% decline, closing at $694.52 on Tuesday.
Readers can access the latest analyst ratings on the Analyst Stock Ratings page on Benzinga.
Let’s delve into how Benzinga’s most-accurate analysts have rated the company recently.
- Wells Fargo analyst Aaron Rakers sustained an Overweight rating and increased the price target from $675 to $840 on Feb. 16, 2024, boasting an accuracy rate of 84%.
- Oppenheimer analyst Rick Schafer upheld an Outperform rating and raised the price target from $650 to $850 on Feb. 16, 2024, garnering an accuracy rate of 78%.
- Wedbush analyst Matt Bryson maintained an Outperform rating and raised the price target from $600 to $800 on Feb. 16, 2024, with an accuracy rate of 85%.
- Susquehanna analyst Christopher Rolland kept a Positive rating and increased the price target from $625 to $850 on Feb. 14, 2024, demonstrating an accuracy rate of 79%.
- Mizuho analyst Vijay Rakesh upheld a Buy rating and raised the price target from $625 to $825 on Feb. 13, 2024, holding an accuracy rate of 78%.
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