Truist Securities Reiterates Buy on NVIDIA, Raises Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has reiterated its Buy rating on NVIDIA (NASDAQ:NVDA) and raised the price target from $128.8 to $140, indicating confidence in the company's future performance.
June 27, 2024 | 1:18 pm
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Truist Securities has reiterated its Buy rating on NVIDIA and raised the price target from $128.8 to $140, indicating confidence in the company's future performance.
The reiteration of a Buy rating and an increased price target from a reputable analyst firm like Truist Securities is a strong positive signal for investors. It suggests that the firm has a high level of confidence in NVIDIA's future performance, which is likely to drive short-term stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100