Nvidia shares are trading higher after Goldman Sachs maintained a Buy rating and $135 price target on the stock. The company reports Q2 earnings next week.
Portfolio Pulse from Benzinga Newsdesk
Nvidia shares rise as Goldman Sachs maintains a Buy rating and a $135 price target. The company is set to report Q2 earnings next week.
August 19, 2024 | 6:24 pm
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POSITIVE IMPACT
Nvidia's stock is trading higher following Goldman Sachs' reaffirmation of a Buy rating and a $135 price target. The anticipation of Q2 earnings next week adds to the positive sentiment.
Goldman Sachs' positive rating and price target likely boost investor confidence, leading to a rise in Nvidia's stock price. The upcoming Q2 earnings report adds to the anticipation, potentially impacting the stock further.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100