Goldman Sachs Maintains Buy on NVIDIA, Raises Price Target to $800-Added to Conviction List
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Toshiya Hari has reaffirmed a Buy rating on NVIDIA (NASDAQ:NVDA) and increased the price target from $625 to $800. Additionally, NVIDIA has been added to Goldman Sachs' Conviction List, indicating a strong belief in the stock's future performance.
February 05, 2024 | 10:30 am
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Goldman Sachs has upgraded NVIDIA's price target to $800 and added it to their Conviction List, signaling strong confidence in its future performance.
The upgrade in price target and addition to the Conviction List by a reputable analyst like Goldman Sachs typically generates positive investor sentiment and can lead to a short-term increase in stock price. This is due to the perceived endorsement of the stock's value and growth potential, encouraging more investors to buy.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100