FMP
Jul 5, 2024 4:15 PM - Davit Kirakosyan
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New Street Research analysts downgraded NVIDIA (NASDAQ:NVDA) to Neutral from Buy with a price target of $135 on the stock. The analysts explained that current consensus expectations project a 35% increase in GPU revenues for 2025, aligning with previous predictions. They see limited further upside based on information from the value chain. The downgrade to Neutral reflects a belief that significant upside will only occur under a bullish scenario where the outlook beyond 2025 improves significantly, a scenario the analysts do not yet fully support.
The analysts also noted that the current consensus anticipates revenue growth slowing to the mid-teens, potentially threatened by slowing hyperscale capital expenditures and increased competition from ASICs and AMD. If these factors remain constant, the analysts see no further upside for NVIDIA stock and even a risk of derating, as the stock is currently trading at 40 times next-twelve-months EPS, compared to a trough of 20 times when growth slowed to 10% in 2019.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 16, 2024 8:06 PM - Gordon Thompson
On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...