DA Davidson Initiates Coverage On NVIDIA with Neutral Rating, Announces Price Target of $410
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Gil Luria has initiated coverage on NVIDIA Corporation (NASDAQ:NVDA) with a Neutral rating and set a price target of $410.

January 03, 2024 | 10:10 am
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NEUTRAL IMPACT
NVIDIA Corporation receives a Neutral rating from DA Davidson with a price target of $410.
The initiation of coverage by DA Davidson with a Neutral rating suggests that the analyst sees the stock as fairly valued at its current price. The price target of $410 indicates a potential direction for the stock price but does not imply significant upside or downside, hence the neutral impact score. The relevance is high as the news is directly about NVIDIA, and the importance is significant for investors considering the influence analyst ratings can have on stock performance. The confidence level is high due to the clear stance of the analyst, although market reactions to analyst ratings can be unpredictable.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100