This Is What Whales Are Betting On NVIDIA
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bullish stance on NVIDIA (NASDAQ:NVDA), with 68% of the investors opening trades with bullish expectations and 31% with bearish. The whales have been targeting a price range from $80.0 to $680.0 for NVIDIA over the last 3 months. The price of NVDA is up 1.33% at $429.76. Daiwa Capital upgraded its action to Outperform with a price target of $475, while Morgan Stanley maintained their Overweight rating with a price target of $500. Mizuho and Rosenblatt downgraded their actions to Buy with price targets of $400 and $600 respectively.
July 05, 2023 | 2:32 pm
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POSITIVE IMPACT
Bullish sentiment among investors and positive analyst ratings could drive NVIDIA's stock price up in the short term.
The bullish sentiment among investors and positive analyst ratings indicate a positive outlook for NVIDIA. This could lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100