Nvidia: UBS raises TP to $150
(CercleFinance.com) - On Monday, UBS reiterated its Buy recommendation on Nvidia, while raising its target price for the stock from $120 to $150 (cp: $128, +1.
9%).
The analyst explains that his recent contacts within the sector suggest that demand for the Blackwell graphics processor architecture remains 'extraordinarily strong'.
However, UBS notes that market sentiment surrounding the stock - while still largely positive - has waned somewhat in recent weeks, taking the form of a sort of 'wall of worry', which could prove an interesting opportunity if the positive thesis developed by its analysts were to materialize.
However, the broker points out that its estimates for the chipmaker are historically above those established by the market as a whole.
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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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
9%).
The analyst explains that his recent contacts within the sector suggest that demand for the Blackwell graphics processor architecture remains 'extraordinarily strong'.
However, UBS notes that market sentiment surrounding the stock - while still largely positive - has waned somewhat in recent weeks, taking the form of a sort of 'wall of worry', which could prove an interesting opportunity if the positive thesis developed by its analysts were to materialize.
However, the broker points out that its estimates for the chipmaker are historically above those established by the market as a whole.
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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.