Analysts revisit Nvidia stock price targets with Q3 earnings in focus
Updated at 9:53 AM EST
Nvidia shares edged lower in early Monday trading but are still on pace to add more than $350 billion in value this month, as two top Wall Street analysts issued new price target updates ahead of the AI-chip maker’s third quarter earnings report next week.
Nvidia (NVDA) , which last week overtook Apple (AAPL) as the world’s most valuable company measured by market capitalization, also replaced struggling chipmaker Intel (INTC) in the Dow Jones Industrial Average as its stunning 2024 gain topped 205%.
The group is slated to report on Wednesday, Nov. 20, with analysts looking for a massive year-on-year revenue surge of 82%, to just under $33 billion, thanks in part to ongoing demand for its legacy…
