BofA says Nvidia’s (NVDA) “solid” Q3 results, but inline Q4 revenue outlook of $37.5B, is “perhaps disappointing some bulls” with consensus at $37B but investor hopes “closer” to $40B. Overall, the firm updated its estimates but keeps its above-consensus FY26 pro-forma EPS forecast steady at $4.47. The firm, which expects the stock to churn near-term as investors digest a lack of “sizzle,” but continue to like the stock on its “substance,” reiterates a Buy rating and $190 price target on Nvidia shares.
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Read More on NVDA:
- Nvidia commentary suggests demand trajectory still intact, says Loop Capital
- Nvidia price target raised to $169 from $167 at Truist
- Nvidia price target raised to $190 from $170 at Benchmark
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- Nvidia price target raised to $165 from $150 at Goldman Sachs