Barclays Maintains Overweight on NVIDIA, Raises Price Target to $1100
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Blayne Curtis maintains an Overweight rating on NVIDIA (NASDAQ:NVDA) and raises the price target from $850 to $1100.
May 20, 2024 | 1:46 pm
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Barclays analyst Blayne Curtis maintains an Overweight rating on NVIDIA and raises the price target from $850 to $1100, indicating strong confidence in the company's future performance.
The increase in the price target from $850 to $1100 by Barclays, along with the maintained Overweight rating, suggests strong confidence in NVIDIA's future performance. 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