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Nvidia: Morgan Stanley raises target price
(CercleFinance.com) - On Monday, Morgan Stanley raised its target price for Nvidia shares from $116 to $144 (cp: $124, +0.
6%), while renewing its 'overweight' recommendation on the stock.
In its comments, the broker cites 'positive' feedback observed during a recent trip to Taiwan and China, which tends to make it confident about the chipmaker's business development in the short term.
While mentioning a possible 'pause' in orders prior to the launch of the Blackwell platform, the analyst also highlights the robust demand surrounding H20 and the Hopper architecture, which in his view does not mean that enthusiasm for Blackwell is any less real.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
6%), while renewing its 'overweight' recommendation on the stock.
In its comments, the broker cites 'positive' feedback observed during a recent trip to Taiwan and China, which tends to make it confident about the chipmaker's business development in the short term.
While mentioning a possible 'pause' in orders prior to the launch of the Blackwell platform, the analyst also highlights the robust demand surrounding H20 and the Hopper architecture, which in his view does not mean that enthusiasm for Blackwell is any less real.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.