Nvidia Stock Earnings In One Week As Analysts Weigh In On Current Quarter; Is Nvidia A Buy Now?| Investor’s Business Daily
Nvidia (NVDA) reports its much-awaited third-quarter results next Wednesday after the market close.
Shares are in a buy zone. Technically, that makes the stock a buy.
But investors who follow the IBD Methodology and realize there’s earnings risk are wondering, should they buy the stock now?
On Wednesday Mizuho analyst Jordan Klein said that analyst estimates for its January quarter are targeting $36 billion to $39 billion in revenue. Nvidia has to hit the midpoint or higher, “or the stock gets hit hard.”
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