NVIDIA Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

NVIDIA Corporation NVDA is projected to release financial results for the third quarter of fiscal 2023, after the closing bell on Nov. 21, 2023.

Analysts expect the company to post quarterly earnings at $3.36 per share, up sharply from year-ago earnings of 58 cents per share. The company’s revenue might come in at $16.12 billion for the latest quarter.

The company is reportedly facing a legal battle with automotive supplier Valeo SE following an incident where an Nvidia engineer allegedly revealed stolen data during a video conference.

NVIDIA shares gained 2.3% to close at $504.09 on Monday.

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.

• Stifel analyst Ruben Roy reiterated a Buy rating with a price target of $600 on Nov. 17, 2023. This analyst has an accuracy rate of 79%.
• Piper Sandler analyst Harsh Kumar reiterated an Overweight rating with a price target of $620 on Nov. 17, 2023. This analyst has an accuracy rate of 83%.
• Wedbush analyst Matt Bryson reiterated an Outperform rating with a price target of $600 on Nov. 17, 2023. This analyst has an accuracy rate of 83%.
• Morgan Stanley analyst Joseph Moore maintained an Overweight rating and cut the price target from $630 to $600 on Oct. 18, 2023. This analyst has an accuracy rate of 70%.
• Citigroup analyst Atif Malik maintained a Buy rating and cut the price target from $630 to $575 on Oct. 18, 2023. This analyst has an accuracy rate of 81%.

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