Nvidia, Uber and Marvell Win Analyst Support After Earnings Updates

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.