Cantor Fitzgerald Initiates Coverage On NVIDIA with Overweight Rating, Announces Price Target of $775
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst C J Muse has initiated coverage on NVIDIA Corporation with an Overweight rating and set a price target of $775.
January 23, 2024 | 10:36 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Cantor Fitzgerald has initiated coverage on NVIDIA with an Overweight rating and a price target of $775, indicating a positive outlook for the stock.
Analyst ratings, especially from reputable firms like Cantor Fitzgerald, can significantly influence investor sentiment and stock prices. An Overweight rating suggests that the analyst believes NVIDIA will outperform the average return of the stocks in the analyst's coverage universe. The high price target of $775 compared to the current market price implies a strong upside potential, which could lead to increased investor interest and a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100