Jefferies Assumes NVIDIA at Buy, Raises Price Target to $1200
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Blayne Curtis has initiated coverage on NVIDIA (NASDAQ:NVDA) with a Buy rating and increased the price target to $1200.
May 13, 2024 | 12:08 pm
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Jefferies analyst Blayne Curtis has given NVIDIA a Buy rating and raised the price target to $1200, indicating a positive outlook on the stock.
Analyst ratings and price target adjustments are significant indicators for stock performance in the short term. A Buy rating combined with a raised price target, especially to such a high level, suggests strong confidence in NVIDIA's future performance and growth prospects. This is likely to positively influence investor sentiment and could lead to an increase in stock price as the market reacts to the new information.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100