Check Out What Whales Are Doing With NVDA
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bullish stance on NVIDIA (NASDAQ:NVDA), with 54% of investors opening trades with bullish expectations and 45% with bearish. Whales have been targeting a price range from $280.0 to $430.0 for NVIDIA over the last 3 months. The price of NVDA is up 2.0% at $416.38. Analysts have mixed opinions, with Mizuho and Rosenblatt downgrading their actions to Buy with price targets of $400 and $600 respectively, while Morgan Stanley maintains an Overweight rating with a price target of $500 and Daiwa Capital upgrades its action to Outperform with a price target of $475.
June 30, 2023 | 1:51 pm
News sentiment analysis
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Bullish investor sentiment and whale activity suggest potential upward movement for NVIDIA. However, mixed analyst ratings indicate uncertainty. Current price is $416.38, within the whale-targeted range.
The bullish sentiment from investors and the targeted price range by whales suggest potential upward movement for NVIDIA. However, the mixed analyst ratings introduce some uncertainty. The current price of NVDA is within the whale-targeted range, indicating that the stock is performing as expected by these large investors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100