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Portfolio Pulse from Anusuya Lahiri
Cantor Fitzgerald analyst C J Muse has maintained an Overweight rating on Nvidia (NASDAQ:NVDA) and raised the price target from $140 to $175. Muse highlights Nvidia's significant advancements in AI performance and its robust ecosystem, projecting substantial revenue growth for the company. Despite a recent 2.03% drop in share price, Nvidia remains a top pick for the analyst.
June 26, 2024 | 6:04 pm
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Cantor Fitzgerald analyst C J Muse has maintained an Overweight rating on Nvidia and raised the price target from $140 to $175. Muse highlights Nvidia's significant advancements in AI performance and its robust ecosystem, projecting substantial revenue growth for the company. Despite a recent 2.03% drop in share price, Nvidia remains a top pick for the analyst.
The analyst's positive outlook and increased price target for Nvidia, along with the company's significant advancements in AI and robust ecosystem, suggest a strong potential for stock price appreciation. Despite a recent drop in share price, the long-term projections and Nvidia's market position support a positive short-term impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100