36 Analysts Share Their NVIDIA Stock Forecast Before August Earnings
Heading into its August 26 earnings, the Nvidia stock looks strong. Nearly every analyst covering the stock rates it a buy. The shares have been higher over the past week, month, and year, and the company is expected to almost double its profit.
Nothing on the surface says caution. Yet the real risk is not on the price chart at all. It sits inside the demand everyone is celebrating, and Michael Burry, the investor who called the 2008 housing crash, has put a number on it.
The Nvidia Setup Looks Bulletproof
The tape gives the bulls everything they want. Nvidia (NVDA) has gained nearly 11% this year, bouncing from a spring low around $164 to roughly $208, even if it sits below the $236 record it set in May. The direction matters most.
The stock is now climbing into the report (starting July 29) rather than sliding into it, which usually signals the market expects good news.
The analysts are just as committed. Of the 37 firms covering Nvidia, 36 rate it a buy, one sits at hold, and not one says sell, which lands the stock at a rare Strong Buy consensus.
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