UBS Maintains Buy on NVIDIA, Raises Price Target to $580
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Timothy Arcuri has reaffirmed a Buy rating on NVIDIA (NASDAQ:NVDA) and increased the price target from $560 to $580, indicating a positive outlook on the stock.
November 22, 2023 | 5:08 pm
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UBS analyst Timothy Arcuri maintains a Buy rating on NVIDIA and raises the price target from $560 to $580, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst like Timothy Arcuri from UBS typically signals a strong conviction in the company's growth prospects and financial health. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100