Goldman Sachs Maintains Buy on NVIDIA, Raises Price Target to $1100
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Toshiya Hari has maintained a Buy rating on NVIDIA (NASDAQ:NVDA) and increased the price target from $1000 to $1100.
May 07, 2024 | 12:01 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Goldman Sachs maintains a Buy rating on NVIDIA, raising the price target to $1100 from $1000.
The increase in price target by a reputable analyst like Goldman Sachs typically signals a strong bullish outlook on the stock, suggesting confidence in NVIDIA's future performance. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100