NVDA – Truist Securities’ analyst William Stein has increased the price target for NVIDIA to $167 from $148, with a Buy rating. Stein anticipates:

  • NVIDIA will surpass Q3 expectations and provide strong Q4 guidance.

  • The company will address technical issues with the GB200 NVL72 configuration.

  • NVIDIA will affirm a strong outlook for 2025 due to a solid order backlog, and discuss new growth avenues beyond large language models.

  • Raised EPS estimate for CY25 to $4.18 from $3.69, leading to the price target adjustment.

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