![]() ![]() Investors today seem to be hedging their bets accordingly. The stock price performance might not depend so much on whether Nvidia meets or even beats expectations, but by how much it beats them. For August 2022, NVDA is projected to record a minimum price of 232 and a maximum price of 262. With expectations for Nvidia built up to incredible highs already (sales expected to fly 64% higher year over year, and earnings expected to rise 89%), the stock has high hurdles to clear. NVDA stock forecast According to the estimates compiled by CNN Business, NVDA stock has a median target price of 725, which implies a potential downside of 9.3 percent over the current prices. That being said, the stock market is not always a rational beast, and even great earnings reports don't always result in higher stock prices if investors have been led to expect an even greater earnings report than what the company can deliver. The company earned 6.70 billion during the quarter, compared to the consensus estimate of 6.70 billion. ![]() The computer hardware maker reported 0.32 earnings per share for the quarter, missing the consensus estimate of 0.33 by 0.01. To the contrary, last week no fewer than three separate stock analysts - at Evercore ISI, UBS, and Wells Fargo - chimed in with higher price targets on the stock, with one of them calling it the "most compelling long-term secular growth story," and predicting a strong beat and raise in tomorrow's earnings report, said . NVIDIA last released its quarterly earnings results on August 24th, 2022. Not an offer or recommendation by Stocktwits. Rooms Rankings Earnings Newsletters Shop. This is not to say that Nvidia's news tomorrow will be bad. Real-time trade and investing ideas on NVIDIA Corp NVDA from the largest community of traders and investors. ![]()
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