Analysts predict successful earnings for Nvidia as buy rating is reiterated
- Citi initiates U.S. Foods as a buy, anticipating positive catalysts for the food service sector.
- Bank of America maintains a buy rating on Nvidia, expecting strong performance ahead of earnings announcement.
- Overall, analysts demonstrate confidence in various sectors while expressing caution regarding macroeconomic impacts.
On May 23, 2025, several key analyst calls were made on various companies in the United States, indicating a positive outlook for a range of sectors, particularly food service, technology, and retail. Citi initiated coverage of U.S. Foods with a buy rating, projecting numerous favorable catalysts for this company specializing in food service products. Meanwhile, Bank of America maintained its buy rating on Nvidia, highlighting expectations for growth as the tech firm prepares to announce its earnings next week, underscored by bullish sentiment in the market. This optimism is shared by other firms, with JPMorgan upgrading Waste Management to overweight in anticipation of its analyst day event in June. Evercore ISI continues to support Apple as outperform despite ongoing uncertainties regarding the company’s services and gross margins. These developments suggest that analysts are cautiously optimistic about the potential performance of these companies amidst a complex macroeconomic environment. Furthermore, Bank of America raised its price target for Dollar General amid expectations for favorable earnings results in early June. Analysts believe the stock is approaching a discount to historical price levels compared to peers, offering an attractive investment opportunity. The current earnings forecasts and price targets indicate an underlying confidence in companies' abilities to navigate anticipated challenges and deliver strong results in their upcoming financial reports.