Nvidia in focus as Goldman Sachs boosts price target. Goldman Sachs analyst Toshiya Hari raised his price target to $1,100 from $1,000

Posted: May 08, 2024

- Goldman Sachs raised price target on Nvidia (NVDA) from $1,000 to $1,100 - Analyst raised earnings estimates for fiscal years 2025 to 2027 by 8% - Expect positive EPS estimate revisions and potential stock growth - Nvidia trading at 35 times earnings, potential for more upside - Nvidia expected to report fiscal first-quarter results on May 22 with consensus EPS of $5.22 and $24.39B in revenue.



Summarized top reddit comments: - Price targets are viewed as a way of manipulating the market - Questioning the credibility of Goldman Sachs and their intentions - Encouraging individuals to do their own research rather than relying on analysts - Mention of previous price targets set and mocking the concept of targets - Discussion of buying and selling stocks at certain price points - Joking about setting an absurd price target - Reference to buying more shares with profits - Use of options trading terms "Calls" and "Puts" - Negative attitude towards price targets and analysts



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