Even after Nvidia Corp's blistering rally in recent days, the chip developer's valuation has actually fallen, at least by one measure widely used by analysts and investors.
A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photoblistering rally in recent days, the chip developer's valuation has actually fallen, at least by one measure widely used by analysts and investors.
The consensus Wall Street expectation for Nvidia's second-quarter earnings per share has risen to $2.05, with analysts increasing their targets by an average of 95% while they increased their full-year EPS estimates by 71% to $7.75. Analysts raised their price targets to a median of $450 from $300 at the end of last month, according to data collected by Refinitiv. But still they debated whether the company would be able to live up to the hype.
The high valuation ahead of the quarterly report reflected bets that estimates were too low, he said, adding that "we’ll see if that happens again."
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