Street Calls of the Week: Nvidia gets a rare downgrade
Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week, including a rare Nvidia EPS at $6.14/$6.90/$7.88. As ICE’s top-line growth accelerates and the firm de-levers, Goldman sees room for valuation to improve from the current 21X next twelve months P/E to over 22.5X, implying 16.5X EV/EBITDA, which is in line with history.
Despite a 1% decline in revenue expectations for both FY25 and FY26, PSTG’s shares have surged approximately 83% year-to-date, outpacing the S&P 500’s 15% increase. This indicates that the stock’s appreciation has been driven entirely by multiple expansion to an elevated level of approximately 6 times EV/revenue.
Sell at UBS means “Stock price expected to fall within three months from the time the rating was assigned because of a specific catalyst or event. FSR is >6% below the MRA.”Pure Storage opened the regular session at $61.21 and closed at $62.74, a decline of 4.20 percent from the prior day’s regular close.On Wednesday , Citi downgraded Charter Communications to Sell with a $255 price target.
Sell at Citi means “The Investment rating definitions are: Buy ETR of 15% or more or 25% or more for High risk stocks; and Sell for negative ETR.”Charter Communications opened the regular session at $299.19 and closed at $301.25, a gain of 1.72 percent from the prior day’s regular close.New Street's analysis indicates that consensus expectations suggest a robust 35% increase in GPU revenues by 2025, aligning closely with their earlier forecasts leading into earnings.
Currently trading at 40x next twelve months' earnings per share, the stock previously saw its multiple decline to 20x during a period of slowed growth in 2019, rebounding to 35x more recently.
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