Nvidia's Earnings Report Will Be Out on Wednesday, Nov. 19 - How to Play NVDA Stock

Core Viewpoint - Nvidia, Inc. (NVDA) is expected to release its earnings and free cash flow for the quarter ending October on November 19, with potential stock volatility anticipated ahead of the release [1] Financial Performance - NVDA closed at $190.17 on November 14, down from a recent peak of $206.88 on November 3, but up from a low of $188.15 on November 7 [1] - The free cash flow (FCF) margin for the last quarter ending August 27 was 28.8%, while the trailing 12-month (TTM) FCF margin was 43.59% [4] - A projected FCF margin of 39.0% is used to set a price target of $230, based on expected revenue forecasts of $207.56 billion for the year ending January 2026 and $290.11 billion for the year ending January 2027 [3][5] Price Target Analysis - The estimated market cap based on a 39.15% FCF margin and a 50x FCF multiple results in a price target of $224.97, which is 18.3% higher than the current market cap of $4,630 billion [5] - Using the January 2027 revenue forecast of $290.11 billion results in a higher price target of $268.05, indicating a potential increase of 41% [5][6] - A conservative strategy for NVDA stock is to sell short out-of-the-money put options to set a lower buy-in [1][7]