Truist Securities Maintains Buy on NVIDIA, Raises Price Target to $1177
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst William Stein has maintained a Buy rating on NVIDIA (NASDAQ:NVDA) and increased the price target from $911 to $1177.
March 18, 2024 | 12:02 pm
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POSITIVE IMPACT
Truist Securities has reaffirmed a Buy rating on NVIDIA and raised the price target significantly from $911 to $1177.
The increase in NVIDIA's price target by a reputable analyst firm like Truist Securities, along with maintaining a Buy rating, is a strong positive signal to the market. This adjustment reflects an optimistic outlook on NVIDIA's future performance, likely influencing investor sentiment and potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100