Edward Jones Downgrades NVIDIA to Hold
Portfolio Pulse from Benzinga Newsdesk
Edward Jones analyst Logan Purk has downgraded NVIDIA Corporation (NASDAQ:NVDA) from Buy to Hold, indicating a shift in the firm's outlook on the stock.
November 22, 2023 | 5:00 pm
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NEUTRAL IMPACT
NVIDIA Corporation was downgraded by Edward Jones from Buy to Hold, which may lead to a neutral or slightly negative investor sentiment in the short term.
Downgrades by analysts can often lead to a short-term negative reaction in the stock price as they may signal a change in the company's future growth prospects or market conditions. However, a Hold rating does not necessarily predict a significant drop, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100