NVDA
Another bull joins the parade
Nvidia just picked up yet another fan club member. Wall Street Zen upgraded the stock from Buy to Strong Buy in a report issued Saturday, which is basically the investing world’s version of saying, “Yes, we know you’re already popular, but we’d like to make it official.”
The street already loves this name
This isn’t exactly a lonely contrarian call. MarketBeat says Nvidia now carries an average rating of Buy with an average price target of $275.25, backed by 4 Strong Buy, 48 Buy, and just 2 Hold ratings. Translation: the Street still sees Nvidia as the heavyweight champ in AI chips, and nobody seems eager to bet against the reigning king.
The catch? The stock’s not cheap, and insiders have been selling
Nvidia also topped quarterly estimates, posting $1.62 in EPS versus $1.54 expected on $68.13 billion in revenue, up 73.2% year over year. That’s the kind of growth that makes investors do a double take. But there’s a little buzzkill in the mix: insiders sold roughly 1.15 million shares last quarter, worth about $207 million.
What you should take away
For investors, this is less “surprise breakthrough” and more “the Nvidia gravy train keeps getting more passengers.” The upgrade doesn’t change the core story, but it reinforces that Wall Street still believes the AI boom has legs.
Big picture: Nvidia keeps collecting bullish calls like it’s racking up loyalty points — and for now, the market still seems happy to swipe the card.