Needham Maintains Buy on NVIDIA, Raises Price Target to $850
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton has maintained a Buy rating on NVIDIA (NASDAQ:NVDA) and increased the price target from $600 to $850, indicating a positive outlook on the company's future performance.
February 22, 2024 | 6:42 pm
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Needham's analyst Quinn Bolton reaffirmed a Buy rating on NVIDIA and raised the price target to $850 from $600, showing strong confidence in NVIDIA's future growth.
The increase in price target by a reputable analyst like Quinn Bolton suggests a strong bullish sentiment towards NVIDIA's stock. This is likely to positively influence investor perception and could lead to a short-term increase in stock price as market participants adjust their expectations based on this new target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100