Nvidia Earnings: Potential 4% Yield, 230$ Price Target

Nvidias earnings and free cash flow for the quarter ending in October are due on Wednesday, November nineteenth, potentially causing significant stock price fluctuations. Investors are considering selling short out-of-the-money put options to lower their buy-in price. Nvidias stock closed at $190.17 on November fourteenth, down from its recent high but still up from its low last week. Analysts expect earnings to surpass expectations. One analysis suggests Nvidia could be undervalued, with a potential price target of $230 based on projected free cash flow margins. However, this target assumes a 39% free cash flow margin, higher than Nvidias last quarters margin. Selling short out-of-the-money put options could offer a yield of almost 4% in 34 days.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.