Nvidia Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

NVIDIA Corporation NVDA will release earnings results for its third quarter, after the closing bell on Wednesday, Nov. 20.

Analysts expect the Santa Clara, California-based bank to report quarterly earnings at 75 cents per share, up from 40 cents per share in the year-ago period. Nvidia projects to report revenue of $33.14 billion for the recent quarter, compared to $18.12 billion a year earlier, according to data from Benzinga Pro.

On Monday, Nvidia announced it partnered with Alphabet Inc GOOG GOOGL Google Quantum AI to accelerate the development of next-generation quantum computing devices.

Nvidia shares gained 3.8% to close at $145.41 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Truist Securities analyst William Stein maintained a Buy rating and raised the price target from $148 to $167 on Nov. 19. This analyst has an accuracy rate of 87%.
• Stifel analyst Ruben Roy maintained a Buy rating and raised the price target from $165 to $180 on Nov. 19. This analyst has an accuracy rate of 86%.
• Wedbush analyst Matt Bryson maintained an Outperform rating and raised the price target from $138 to $160 on Nov. 14. This analyst has an accuracy rate of 82%.
• Raymond James analyst Srini Pajjuri maintained a Strong Buy rating and increased the price target from $140 to $170 on Nov. 14. This analyst has an accuracy rate of 80%.
• Susquehanna analyst Christopher Rolland maintained a Positive rating and boosted the price target from $160 to $180 on Nov. 14. This analyst has an accuracy rate of 72%.

Considering buying NVDA stock? Here’s what analysts think:

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