Baird Maintains Outperform on NVIDIA, Raises Price Target to $1200
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Tristan Gerra maintains an Outperform rating on NVIDIA (NASDAQ:NVDA) and raises the price target from $1050 to $1200.
May 20, 2024 | 9:56 am
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POSITIVE IMPACT
Baird analyst Tristan Gerra has maintained an Outperform rating on NVIDIA and increased the price target from $1050 to $1200, indicating strong confidence in the company's future performance.
The increase in the price target from $1050 to $1200 by a reputable analyst suggests strong future performance expectations for NVIDIA. This is likely to positively impact the stock price in the short term as investors react to the bullish outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100