Citigroup Maintains Buy on NVIDIA, Raises Price Target to $1030
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Atif Malik has maintained a Buy rating on NVIDIA (NASDAQ:NVDA) and increased the price target from $820 to $1030, indicating a positive outlook on the company's future performance.
March 20, 2024 | 12:14 pm
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Citigroup analyst Atif Malik has reaffirmed a Buy rating on NVIDIA and raised the price target to $1030 from $820, signaling strong confidence in NVIDIA's future growth and performance.
The increase in NVIDIA's price target by a reputable analyst from Citigroup suggests a bullish outlook on the company's stock. This is likely due to positive expectations regarding NVIDIA's future earnings, product launches, or market position. Such a significant increase in the price target can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100