NVIDIA shares are trading higher after Goldman Sachs raised its price target on the stock from $625 to $800 and added it to the Conviction List.
Portfolio Pulse from Benzinga Newsdesk
NVIDIA shares are trading higher following an upgrade by Goldman Sachs, which raised its price target on the stock from $625 to $800 and added it to the Conviction List.
February 05, 2024 | 1:40 pm
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POSITIVE IMPACT
NVIDIA's stock price is expected to experience a positive short-term impact due to Goldman Sachs raising its price target from $625 to $800 and adding the stock to its Conviction List.
The upgrade by a prominent investment bank like Goldman Sachs, including a significant increase in the price target and the addition to the Conviction List, typically leads to increased investor confidence and demand for the stock, driving up its price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100