Reported 5 months ago
Nvidia Corporation (NVDA) has been trending on Zacks.com as one of the most searched stocks, with a recent return of +21.4% over the past month compared to the Zacks S&P 500 composite's +4.8%. Analysts are focusing on the company's earnings estimates, with a projected $5.99 per share for the current quarter and a Zacks Rank #1 (Strong Buy) due to significant earnings estimate revisions. The consensus sales estimate for Nvidia also shows positive growth, with a focus on revenue growth and valuation metrics indicating that the stock is currently trading at a premium to its peers. Overall, the Zacks Rank #1 suggests that Nvidia may outperform the broader market in the near term.
Source: YAHOO