During this period, the company witnessed a strong 130% rise in revenues, and combined with a more than 80% rise in its P/S multiple, the company’s stock price has rallied despite a marginal rise in the outstanding share count. Of the 32 analysts who cover Nvidia, 17 have buy or overweight ratings, 13 have hold ratings and two have sell or underweight ratings, with an average price target of $252.68, or 2.9% below Thursday’s close.Nvidia Corporation (NASDAQ: NVDA) stock price rose 5x from $33 in 2018 end to around $167 currently, primarily due to favorable changes in its sales and P/S multiple. Data visualization revenue grew 22% to $251 million, compared with the expected $248.1 million.įor the second quarter, Nvidia estimates revenue of $3.04 billion to $3.16 billion, while analysts expect revenue of $2.95 billion. Similarly, Nvidia’s data-center sales jumped 71% to $701 million, compared with the $656 million forecast from analysts.Īuto-related revenue rose 4% to $145 million, rather than a forecast 0.4% slip to $139.5 million from Wall Street.

Nvidia reported 68% growth in sales of gaming cards to $1.72 billion, compared with the $1.61 billion expected by analysts. At the heart of our opportunity is the incredible growth of computing demand of AI, just as traditional computing has slowed.” “Our data-center business achieved another record and gaming remained strong. “We had a strong quarter with growth across every platform,” said Jensen Huang, Nvidia founder and chief executive, said in a statement. Revenue rose to $3.21 billion from $1.94 billion in the year-ago period, while Wall Street had expected revenue of $2.89 billion and Estimize expected revenue of $2.97 billion. Nvidia, on average, was expected to post adjusted earnings of $1.46 a share, while Estimize, a software platform that uses crowdsourcing from hedge-fund executives, brokerages, buy-side analysts and others, had called for earnings of $1.77 a share. The company reported first-quarter net income of $1.24 billion, or $1.98 a share, compared with $507 million, or 79 cents a share, in the year-ago period.

Nvda forecast as of may 2018