"We see the stock now offering a more compelling risk/return profile, trading at 31x our 2027 EPS estimate, after contracting over 50% from its peak in mid-August and with the shares now 5% below the August 12 IPO price,"
"While part of the decline is due to the recent weakness in crypto prices (BTC down to a level near $89,000 vs. a peak of $125,000 in early October), we see the company remaining on its planned growth trajectory consistent with its communication post the IPO process."
"We continue to believe the platformization approa"
Nvidia posted EPS of $1.30, beating estimates by $0.04, and reported $57 billion in revenue, up 62.5% year over year. Data center revenue reached $51.2 billion, up 25% sequentially and 66% year over year. Nvidia guided to roughly $65 billion in the next period, above consensus of $61.98 billion. Bank of America reiterated a buy on Nvidia as AI demand builds. Deutsche Bank upgraded crypto exchange Bullish to a buy with a $51 target while noting recent crypto weakness. Bank of America reiterated a buy on Palo Alto Networks after EPS and revenue beats and an improved fiscal 2026 sales outlook.
Read at 24/7 Wall St.
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