(This is CNBC Pro’s live coverage of Thursday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A fast food stock and Nvidia were among the stocks being talked about by analysts on Wall Street. RBC assumed coverage of Jack in the Box with an outperform rating and a price target that implies more than 40% upside. Meanwhile, analysts at Piper Sandler, Citi and New Street Research gave their Nvidia earnings previews. Check out the latest calls and chatter below. All times ET. 5:41 a.m.: Analysts are bullish going into Nvidia earnings Analysts are optimistic ahead of Nvidia’s first-quarter earnings set to release after the closing bell next Wednesday. Piper Sandler’s Harsh Kumar remains bullish on the chipmaker’s earnings and expects demand for Nvidia’s new Blackwell GPU series to be strong across its data center customer base. He kept his overweight rating and $1,050 price target, which suggests nearly 11% potential upside. “We continue to see strong demand for NVDA’s data center products and feel the company is set up for another beat and raise quarter,” Kumar said, adding that his bull case sees total revenues potentially beating current expectations by between $1.5 and $2 billion. “NVDA remains our top large-cap pick and we remain bullish that the Blackwell series will provide meaningful acceleration to revenues longer-term.” Citi analyst Atif Malik expects in-line sales of $24 billion compared to the Street’s forecast and called for shorter H100 lead times and gross margin normalization before GB200 volume ramps in the first half of 2025. Mailk said he likes the buy-rated stock on “secular AI growth opportunities” and maintained his $1,030 price target. New Street Research maintained its buy rating and $1,100 price target ahead of the quarterly print. Analyst Pierre Ferragu suggested that high bandwidth memory sales growing by more than 50% in 2025 likely implies that AI chip revenues will also double, fueling his Nvidia thesis. Nvidia shares are up more than 91% this year. — Pia Singh 5:41 a.m.: RBC says Jack in the Box to surge more than 40% This year’s big pullback in Jack in the Box offers a big buying opportunity for investors, according to RBC Capital Markets. The bank assumed coverage of the fast food chain with an outperform rating. Its price target of $75 implies upside of 44% over the next 12 months. Analyst Logan Reich pointed to three reasons for the positive outlook on the stock: “1) new markets continue to perform well supporting [long-term] unit growth; 2) new menu items & digital innovation should drive an [same-store sales] inflection in 2H24 into 2025 and 3) valuation looks attractive at 22% below its 5-year average.” Shares of Jack in the Box have struggled this year, losing more than 34%. JACK YTD mountain JACK in 2024 — Fred Imbert
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