Keybanc Maintains Overweight on NVIDIA, Raises Price Target to $740
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst John Vinh has maintained an Overweight rating on NVIDIA (NASDAQ:NVDA) and increased the price target from $650 to $740.
January 16, 2024 | 9:37 am
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Keybanc analyst John Vinh has reaffirmed NVIDIA's Overweight rating and raised the price target to $740, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's future performance and growth potential. This can lead to increased investor confidence and a potential short-term rise in the stock price.
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