Loop Capital analyst Ananda Baruah keeps a Buy rating and $175 price target on Nvidia (NVDA) after its Q3 results. The company generated “material upside” in the quarter’s revenue and earnings, and while Q4 guidance indicates that there is likely a smidge of a “Hopper pause” ahead of Blackwell coming out in Q4, it also looks consistent with the firm’s view that Nvidia has been able to pull a little more Blackwell forward into Q4 than anticipated a couple of months ago, the analyst tells investors in a research note. The company’s guidance and commentary also suggest that the anticipated demand trajectory “remains intact”, Loop added.
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Read More on NVDA:
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
