Nvidia reported earnings on Aug. 26. Wall Street expected it to beat. Bank of America was not particularly interested in that part of the story.
The firm's note, published ahead of the report, was really about one thing: whether the market had correctly priced the scale of what Nvidia has been doing with its balance sheet.
The answer, according to Bank of America, was no. The results Nvidia delivered made that argument harder to dismiss.
In a note shared with TheStreet on Aug. 25, ***** yst Vivek Arya reiterated a Buy rating and a $350 price target on Nvidia, implying roughly 64% upside from where the stock was trading that day.
The note's ***** le says everything about where the firm directed investor attention: "Balance sheet disclosures could speak louder than EPS beat."
#NVIDIA #balance #note #wall
The firm's note, published ahead of the report, was really about one thing: whether the market had correctly priced the scale of what Nvidia has been doing with its balance sheet.
The answer, according to Bank of America, was no. The results Nvidia delivered made that argument harder to dismiss.
In a note shared with TheStreet on Aug. 25, ***** yst Vivek Arya reiterated a Buy rating and a $350 price target on Nvidia, implying roughly 64% upside from where the stock was trading that day.
The note's ***** le says everything about where the firm directed investor attention: "Balance sheet disclosures could speak louder than EPS beat."
#NVIDIA #balance #note #wall
7 days ago
