$NVIDIA(NVDA.US) - ANALYSTS LIFT NVIDIA PRICE TARGETS DESPITE PREMARKET DIP
Nvidia shares fell about 1.8% in premarket trading Thursday, even after beating earnings expectations and raising guidance. July-quarter revenue hit $46.7B (vs. $46.2B expected), driven by 12% growth in Blackwell GPU sales ($26B) and a 46% jump in networking revenue. The company guided October-quarter revenue to $54B, above consensus.🔸 JPMorgan: Raised target to $215 (from $170), citing strong GPU and networking growth.🔸 Morgan Stanley: Lifted to $210 (from $206), noting upside even without China.🔸 KeyBanc: Target to $230, Overweight, despite mixed data center results.🔸 DA Davidson: To $195 (from $135), Neutral, flagging China uncertainty but strong AI demand.🔸 Truist: To $228, calling Nvidia “the AI company.”Overall, analysts see Nvidia as a leader in AI infrastructure with solid long-term growth, though China remains a key risk.The copyright of this article belongs to the original author/organization.
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