NVIDIA Corporation (NASDAQ: NVDA) reported a blowout fourth quarter earnings report Thursday, but was it good enough to turn Wall Street’s skeptics to bulls? Here’s a look at how some Wall Street analysts reacted.
Oppenheimer: NVDA Surpassed High Expectations
Oppenheimer’s Rick Schafer maintains a Perform rating on Nvidia’s stock with no assigned price target.
Nvidia came into its Q4 earnings report with a “high bar,” and the company cleared it, Schafer said in a note. Sales of $2.91 billion and an EPS figure of $1.69 both came in “easily ahead” of the Street’s projection of $2.68 billion and $1.16 per share, the analyst said. Revenue from the data center, gaming, pro-visualization and OEM segments each came in at least 5 percent ahead of the consensus.
It was the seventh consecutive quarter where Nvidia more than doubled data center revenue, reaffirming the “significant market size and opportunity” the company has in artificial intelligence given its virtual…