Nvidia Earnings: Strong Growth Expected But Upside Seen As Limited After Big Rally
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Nvidia (NVDA) will report Q4 Fiscal 2024 results on Feb 21. Analysts expect revenue to more than triple year-over-year to $20.37B, driven by data center demand.
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EPS is forecast at $4.59 for Q4, up 422% from last year. Growth driven by higher sales and operating leverage.
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Analyst consensus rating on NVDA stock is a Strong Buy. However, with shares up 47% YTD, average price target implies limited 2.86% upside.
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Options traders pricing in +/- 11.14% stock move after earnings, greater than -2.46% move last quarter.
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NVDA expected to deliver strong Q4 numbers, but recent rally indicates positives likely already priced into the stock.