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Earnings Growth & Price Strength Make Nvidia (NVDA) a Stock to Watch

Zacks Equity Research
·1 min read

Kickstarting your investment journey can be both exciting and scary at the same time, and if you're new to investing, you may not know where to even begin. However, one thing is for certain -- stocks set to beat the market over the next 12 months serve as the perfect foundation for any kind of investor.

Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.

Why You Should Pay Attention to Nvidia (NVDA)

NVIDIA Corporation is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU. Over the years, the company’s focus has evolved from PC graphics to artificial intelligence (AI) based solutions that now support high performance computing (HPC), gaming and virtual reality (VR) platforms.

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NVDA was added to the Zacks Focus List on May 20, 2019 at $3.91 per share. Since then, shares have increased 3178.77% to $128.20.

For fiscal 2025, 15 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.29 to $2.68. NVDA boasts an average earnings surprise of 18.4%.

Additionally, Nvidia's earnings are expected to grow 106.2% for the current fiscal year.

Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like NVDA offer investors a great opportunity to get into a company whose future earnings estimates will be raised, potentially leading to price momentum.

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NVIDIA Corporation (NVDA) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research