Nvidia’s stock price target has been increased by 32% by Mizuho Securities due to the company’s strong position in the AI market. The target price has been raised from $625 to $825 ahead of Nvidia’s upcoming financial results announcement. Mizuho believes that Nvidia is the leading player in the AI and machine learning (ML) sector, specifically in AI training. The firm expects Nvidia to maintain its dominance in the AI server market and sustain its significant market share.
Since the beginning of the year, Nvidia’s stock price has surged by 45%, reflecting the market’s confidence in the company’s growth potential. Mizuho also raised the price target for Broadcom and Advanced Micro Devices (AMD). Broadcom’s target was increased to $1,450 from $1,250, while AMD’s target saw a push to $200 from $175. Mizuho maintains a Buy rating for all three stocks based on their strong performance.
However, analysts have differing views on Nvidia. Seeking Alpha authors rate the stock as HOLD, while Wall Street analysts consider it a STRONG BUY. Seeking Alpha’s quantitative system, known for consistently outperforming the market, assigns a HOLD rating to Nvidia.
Nvidia is scheduled to report its fourth-quarter results on February 21. Analysts anticipate the company to generate $4.56 per share and $20.33 billion in revenue. Broadcom is set to release its latest financial results on March 7, with analysts expecting earnings of $10.42 per share and revenue of $11.73 billion.
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