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Nvidia, Uber and Marvell Win Analyst Support After Earnings Updates

07/09 18:43

According to CNBC, Nvidia, Uber Technologies and Marvell Technology drew bullish calls from Wall Street analysts after recent earnings updates and guidance changes. Morgan Stanley’s Joseph Moore reiterated a buy rating on Nvidia and raised his price target to $300 from $288 after the chipmaker reported fiscal second-quarter results and said FY28 revenue growth could reach 70%. BMO Capital’s Brian Pitz kept a buy rating on Uber and a $119 price target, saying the ride-hailing company’s autonomous vehicle strategy is evolving and could become a major source of revenue and profit. KeyBanc’s John Vinh reaffirmed a buy rating on Marvell with a $400 price target after the company posted better-than-expected second-quarter FY27 results, reported 46% year-over-year data center growth to $2.17 billion, and raised its data center revenue outlook to 60% growth in FY27 and more than 60% in FY28.

Bullish

Kasar