The company said it expects first quarter revenue of $7.93 billion to $8.26 billion, with non-GAAP gross margins of 66.5 to 67.5%, which calculates to non-GAAP earnings of $1.22 to $1.36 per share. Revenue grew 52.8% on a year-over-year basis. The consensus earnings estimate was $1.22 per share on revenue of $7.4 billion. Nvidia ( NVDA ) reported Q4January 2022 earnings of $1.35 per share on revenue of $7.6 billion. Likewise, Citi analyst Atif Malik has a price target of $285 and a buy rating on the stock.NVDA Q1 April 2022 earnings are on 5/25 at 4:20pm. The analyst believes that Nvidia holds a leadership position in data centers which will drive growth in addition to autonomous technology and artificial intelligence.

Further, Ivan Feinseth, a Tigress analyst has a price target of $310 with a Buy rating on the stock. He believes that the company will continue to face online issues in Russia and China in addition to the concerns surrounding crypto. Recently several analysts have reduced their price targets on NVDA stock but still maintain their buy ratings.įor example, Piper Sandler analyst Harsh Kumar has a price target of $235 with an overweight rating on the stock. Nvidia can advantage this increasing demand. Companies have enormous data and they are looking for ways to extract insight and automate and quicken processes. If you are looking for one reason to invest in NVDA stock, it will be the potential of the data center.

There is massive demand in the industry and if the company manages to deploy its resources well, it will be able to keep pace with the demand.įor this quarter, the company expects $8.1 billion in sales and projects another record quarter in data center sales. These two remain the dominant business segments for the company, but it looks like the data center will take over for the next few years. In the first quarter, the company reported data center sales of $3.75 billion and gaming sales of $3.62 billion. It is not by accident, but with careful planning and investment, that Nvidia has achieved tremendous success in this area. However, the company has reported massive growth in the data center segment and it has become a major contributor to the revenue. Despite having a presence across multiple industries, Nvidia was best known for gaming and PC hardware over the past few years.

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