"NVIDIA posted $68.13 billion in revenue, up 73.21% year-over-year, with EPS of $1.62 against a consensus estimate of $1.52, a 6.58% beat."
"Partnerships with Meta, Anthropic, OpenAI, and CoreWeave provide multi-year revenue visibility, while data center networking revenue surged 263% year-over-year to $10.98 billion."
"Of 63 analysts covering NVIDIA, 60 carry Buy or Strong Buy ratings against just 1 Sell, with a consensus target of $268.22, implying roughly 54% upside."
NVIDIA has experienced significant growth, with a stock price of $174.40 and a projected price target of $207.45 by 2027. Despite a 60.95% gain over the past year, shares are down 6.48% year-to-date. The fourth quarter showed strong performance with $68.13 billion in revenue, a 73.21% year-over-year increase. The bull case is supported by advancements in AI technology and partnerships with major companies, leading to optimistic analyst ratings and a consensus target of $268.22.
Read at 24/7 Wall St.
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