Nvidia: Why $265 Is In Play Fundamentally And Technically
Nvidia's stock is rated a 'Buy' following impressive first-quarter results and record revenue from its data center segment. The company's non-GAAP earnings per share and revenue surpassed expectations, leading to a significant increase in free cash flow. Analysts have raised the price target to $265, indicating strong profitability and growth potential.
- ▪Nvidia reported a non-GAAP EPS of $1.87 and revenue of $81.6 billion for Q1.
- ▪The company's free cash flow surged to $48.6 billion, reflecting strong financial performance.
- ▪Analysts have raised the price target for Nvidia to $265 based on improved profitability.
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