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<Research>G Sachs: NVIDIA Quarterly Results, Guidance Beat; TP USD250
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NVIDIA's (NVDA.US) quarterly results and guidance both surpassed market expectations, Goldman Sachs said in its report. With generally optimistic street consensus, it was anticipated that the stock price will further elevate. NVIDIA reported quarterly revenue of USD68.1 billion, above Goldman Sachs' forecast of USD67.3 billion and the market expectation of USD66.2 billion. The gross margin was 75.2%, meeting both the broker's and the market's forecasts. Goldman Sachs rated NVIDIA at Buy rating with a target price of USD250. AASTOCKS Financial News Website: www.aastocks.com |
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