HSBC Maintains Buy on NVIDIA, Raises Price Target to $1350
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Frank Lee maintains a Buy rating on NVIDIA (NASDAQ:NVDA) and raises the price target from $1050 to $1350, indicating a positive outlook on the company's future performance.
May 10, 2024 | 3:12 pm
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HSBC analyst Frank Lee has reaffirmed a Buy rating on NVIDIA, significantly raising the price target from $1050 to $1350, suggesting a strong confidence in the company's growth prospects.
The substantial increase in NVIDIA's price target by a reputable analyst from HSBC reflects a bullish outlook on the company's future performance. This endorsement is likely to positively influence investor sentiment and potentially drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100