1 Wall Street Firm Thinks Nvidia Stock Is Going to $144. Is It a Buy?

Category: Finance

Nvidia's upcoming earnings report on Aug. 28 is highly anticipated following a year of triple-digit growth, with shares up 116% year to date. Analysts, including Morgan Stanley, maintain a bullish outlook with a price target of $144. Despite strong performance in its data center business and significant year-over-year increases in revenue and earnings per share, investors may consider waiting until after the earnings report due to potential market volatility and increasing competition in the chip industry.

Keywords: Nvidia, earnings report, stock market

Source: Motley Fool

Update At: 8/6/2024

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