B of A Securities Maintains Buy Rating for NVIDIA: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
B of A Securities maintains its Buy rating for NVIDIA (NASDAQ:NVDA) and raises its price target from $450.00 to $500.00. NVIDIA shares are currently trading down 4.52% at $382.99 per share.
May 31, 2023 | 5:00 pm
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POSITIVE IMPACT
B of A Securities maintains Buy rating for NVIDIA and raises price target to $500.00, a 30.55% increase from the current share price.
The maintained Buy rating and increased price target by B of A Securities indicate a positive outlook for NVIDIA. This news is likely to have a positive impact on the stock price in the short term, as it shows confidence in the company's growth potential. The 30.55% increase in the price target suggests significant upside potential for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100