![]() ![]() The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. What Do I Think of NVDA Since the Crash I still love the company and the stock, especially under 220. Continued strong gaming and artificial intelligence in data center position Nvidia well for 2020. On the date of publication, Larry Ramer did not have (either directly or indirectly) any positions in the securities mentioned in this article. Analyst Vijay Rakesh raised his price target for Nvidia to 295 from 270 and reiterates a Buy rating on the shares following last nights results. The stock has a 50-day moving average price of 157.27 and a two-hundred day moving average price of 181.14. He raised his price target on the name to $280 from $250.Īnalysts’ average rating on NVDA stock is “strong buy,” while their mean price target on the name is $339.19, according to TipRanks. Given the recent decline in NVDA stock, Ferragu thinks that the shares may already reflect a reduction in the company’s revenue from cryptocurrency miners. He trimmed his price target to $255 from $285 and kept a “hold” rating on the the chipmaker.Īnd finally, on April 13, New Street analyst Pierre Ferragu changed his rating on NVDA stock to “buy” from “neutral.” The analyst expects the company to benefit from strong demand for its chips by the “gaming, visualization, and datacenter” sectors. Although the demand for semiconductors is likely to remain strong, investors will probably continue to be worried about a “cyclical slowdown/correction,” the analyst stated. He upped his price target on Nvidia to 257. Taking a more bearish view was Deutsche Bank’s Ross Seymore. 00:00 In a note to clients, Truist Securities analyst William Stein reiterated his buy ratings on both semiconductor stocks and raised his price targets. ![]() Kumar maintained a $350 price target and a “buy” rating on the shares. ![]() Stating that “Nvidia remains on track to hit supply/demand equilibrium in the second half of 2022,” Piper Sandler analyst Harsh Kumar expects the company to buy back a significant amount of its shares, according to The Fly. In separate notes to investors, three analysts recently discussed the outlook of NVDA stock with this backdrop in mind. ![]()
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