Morgan Stanley has maintained its bullish outlook on Nvidia ahead of its Q4 earnings report on February 25, expecting strong performance and an upside of $2 billion or more to guidance. Analyst Joseph Moore reiterated an overweight (buy) rating with a $250 price target, noting that while demand for AI compute remains strong, potential bottlenecks in component shortages could improve visibility for GPUs. Bank of America also raised its sales and EPS estimates for Nvidia, reiterating a buy rating with a $275 price target.
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Morgan Stanley resets Nvidia stock forecast ahead of earnings
Morgan Stanley has maintained its bullish outlook on Nvidia ahead of its Q4 earnings report on February 25, expecting strong performance and an upside of $2 billion or more to guidance. Analyst Joseph Moore reiterated an overweight (buy) rating with a $250 price target, noting that while demand for AI compute remains strong, potential bottlenecks in component shortages could improve visibility for GPUs. Bank of America also raised its sales and EPS estimates for Nvidia, reiterating a buy rating with a $275 price target.