What Analysts Are Saying About NVIDIA After Earnings

By Chris Lange Updated Jan 12, 2:55PM EST · Published Feb 11, 10:05AM EST

Follow 24/7 Wall St. on Google

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

What Analysts Are Saying About NVIDIA After Earnings — © Thinkstock

[cnxvideo id=”625456″ placement=”ros”]NVIDIA Corp. (NASDAQ: NVDA) reported fiscal fourth-quarter financial results after the markets closed on Thursday. With this earnings report NVIDIA is claiming to be on the cutting edge and ready to make a breakthrough with artificial intelligence. Although the results were positive, it was not necessarily a blowout quarter, which is why investors have sent shares lower for now at least. But analysts have a very positive outlook on the stock.

24/7 Wall St. has included some of the key highlights from the earnings report, as well as what the first round of analysts have said after the report.

The company posted $1.13 in non-GAAP earnings share (EPS) and $2.17 billion in revenue. Thomson Reuters had consensus estimates of $0.83 in EPS and revenue of $2.11 billion. In the same period of last year NVIDIA posted EPS of $0.52 and $1.4 billion in revenue.

In terms of the outlook for the fiscal first quarter, the company expects to see $190 billion in revenue, with a gross margin of 59.7%. The consensus estimates call for $0.64 in EPS and $1.88 billion in revenue for the quarter.

[nativounit]

On the books, NVIDIA’s cash, cash equivalents and marketable securities totaled $6.80 billion at the end of the quarter, up from $5.04 billion at the end of the same period last year.

Jen-Hsun Huang, founder and CEO of NVIDIA, commented:

Deep learning on NVIDIA GPUs, a breakthrough approach to AI, is helping to tackle challenges such as self-driving cars, early cancer detection and weather prediction. We can now see that ‎GPU-based deep learning will revolutionize major industries, from consumer internet and transportation to health care and manufacturing. The era of AI is upon us.

A few analysts weighed in on NVIDIA after earnings:

Canaccord Genuity has a Buy rating with a $130 price target.
RBC has an Outperform rating and raised its target to $130 from $124.
Jefferies has a Buy rating and raised its price target to $140.
Instinet raised its price target to $100.
Mizuho has a Buy rating and raised its price target to $130 from $115.
B. Riley reiterated a Buy rating with a $135 price target.

Shares of NVIDIA ended the week at $113.62, with a consensus analyst price target of $103.50 and a 52-week trading range of $24.75 to $120.92.

[wallst_email_signup]

About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.