Nvidia A Strong Buy With 42% Upside, Says Analyst Predicting 'Positive Report And Outlook' Ahead Of Earnings

Quick Summary:

Analysts at Evercore ISI stated that the worries about demand for Nvidia's microchips and processors following the DeepSeek launch are exaggerated and that the company is likely to deliver "a positive report and outlook” in its upcoming fourth-quarter earnings.

In the lead-up to Nvidia Inc.’s (NASDAQ:NVDA) forthcoming earnings report after market close on Feb.26, Evercore ISI suggests that it is a good buying opportunity amid strong fundamentals.

What Happened: In a client note on Sunday, analyst Mark Lipacis and his team at Evercore ISI added the chip giant to its ‘tactical outperform’ list.

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Author / Journalist: Namrata Sen

Category: Technology

Markets: United States

Topics: Equities Markets News US67066G1040 NVDA Tech Benzinga

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Published On: 2025-02-12 @ 13:25:23 (12 hours ago)

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News Source URL: benzinga.com

Language: English

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