Wells Fargo Maintains Overweight on NVIDIA, Raises Price Target to $600
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Aaron Rakers has maintained an Overweight rating on NVIDIA and raised the price target from $500 to $600.
August 24, 2023 | 3:09 pm
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POSITIVE IMPACT
NVIDIA's price target has been raised from $500 to $600 by Wells Fargo, maintaining an Overweight rating.
The raised price target and maintained Overweight rating by Wells Fargo indicates a positive outlook for NVIDIA. This could potentially lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Wells Fargo analyst Aaron Rakers maintains an Overweight rating on NVIDIA and raises the price target.
While Wells Fargo's actions could influence NVIDIA's stock, it's less likely to have a direct impact on Wells Fargo's own stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50