Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process.
Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented.
General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. ( See NVDA stock analysis on TipRanks)ĭisclaimer: The TipRanks Smart Score performance is based on backtested results. After this year’s mighty share haul (up 50%), the stock has ~10% upside before it reaches the $212.29 average price target. Nvidia gets a lot of love from Wall Street’s analyst corps the stock has a Strong Buy consensus rating with only 1 out of 29 recent reviews suggesting to Hold and all others recommending to Buy. (To watch Mosesmann’s track record, click here)
Investors are looking at returns of 25% from current levels. Unsurprisingly, then, Mosesmann sticks to a Buy rating and backs it up with a $250 price target. “We continue to like the Nvidia story and see the company as the best-in-class AI play with growth vectors into next generation networking/DPU adoption and early-days of autonomous driving S/W kicker,” the analyst summed up. Nvidia has also said it anticipates supply constrains will remain into the second half of the year, so more info regarding this issue will also be welcome.Īll in all, Mosesmann remains keen on all things Nvidia. On the earnings call, Mosesmann will be looking for details on the progress regarding the Grace CPU/3-product strategy, and more color on the ongoing ARM acquisition shenanigans. More ray tracing adoption, “continued momentum” in the Automotive segment and healthy data center sales from the “continued adoption of Ampere and hyperscaler spending” are expected to drive the gains. Outsized growth is expected to be on the menu for the company’s October quarter guidance too, and Mosesmann thinks the outlook will improve upon his and the Street’s estimate of mid-single-digit quarter-over-quarter growth for the top-line and EPS of $1.05/$1.06, respectively. The analyst anticipates the quarter’s sales will better both his and the consensus estimates of low double-digit sequential growth. In fact, Mosesmann expects “strength across the board,” with a particularly robust showing from Nvidia’s two main revenue drivers, Gaming and Data Center. “This points to a much more benign Crypto cycle this go-around, we believe.” “Although crypto continues to be an area of concern for investors (crypto mining contributed $155 million in revenue in the April quarter and CMP revenues are expected to be $400 million in the July quarter), we believe the company has had success in mitigating RTX GPUs in crypto mining by limiting performance in such workloads,” the 5-star analyst said. However, ahead of the chip giant’s July quarter results this evening, Rosneblatt analyst Hans Mosesmann thinks these worries are overblown. After a bearish period, the crypto market is on the up again, but the segment’s volatility remains an issue for those mindful of its impact on Nvidia ( NVDA).
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