Alert: New Earnings Report (11/21/23)-NVIDIA Corporation (NASDAQ: NVDA).


NVIDIA Corporation (NASDAQ: NVDA) has reported earnings for its third fiscal quarter (ending October 31) of $3.75 versus $0.27 for the same period a year ago — an increase of 1289%. For the latest four quarters through October 31, E.P.S. were $7.64 versus $2.38 for the same period a year ago — an increase of 221%.


Recent Price Action

NVIDIA Corporation (NASDAQ: NVDA) stock declined modestly by -0.9% on 11/21/23. The stock closed at $499.44. The stock has been exceptionally strong relative to the market over the last nine months and has risen 2.7% during the last week.

Current PriceTarget Research Rating

NVDA is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

NVIDIA has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. NVIDIA has a slightly positive Appreciation Score of 65 and a very high Power Rating of 98, and the Highest Value Trend Rating results.

Rating Review

In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.

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