Deutsche Bank Maintains Hold on NVIDIA, Raises Price Target to $390
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Ross Seymore maintains a Hold rating on NVIDIA (NASDAQ:NVDA) and raises the price target from $220 to $390.
May 25, 2023 | 1:32 pm
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POSITIVE IMPACT
Deutsche Bank maintains a Hold rating on NVIDIA and raises the price target from $220 to $390.
The news of Deutsche Bank raising NVIDIA's price target from $220 to $390 is positive for the stock. This indicates that the analyst believes the stock has potential for growth in the short term. The Hold rating suggests that the analyst does not see any immediate downside risk, but also does not recommend buying the stock at the current price. This news is highly relevant and important for investors in NVIDIA, as it provides an updated outlook on the stock's potential performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100