Nvidia stock rebounds after broad market rout as analysts stay bullish on outlook [Yahoo! Finance Canada]
NVIDIA Corporation (NVDA)
Last nvidia corporation earnings: 2/13 04:20 pm
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Source: Yahoo! Finance Canada
their Buy ratings on the stock despite concerns about rising competition and the possibility that AI chip demand could wane. Over the past few days, Wall Street analysts at Bernstein, TD Cowen, Morgan Stanley ( MS ), and Truist ( TFC ) have maintained bullish outlooks on the company. NVIDIA Corporation (NVDA) “All relevant industry contacts support the dominance and superiority of NVDA's full technology stack,” Truist Securities' William Stein wrote on Monday. He raised his price target on the stock to $204 from $169. Following the nods from Wall Street, Nvidia shares rallied as much as 4.8% Wednesday. But the stock later reversed direction, ending the day down roughly 1%, as stocks fell across the board following commentary from the Federal Reserve projecting fewer rate cuts and stickier inflation in 2025 Even with Thursday's early morning gain, Nvidia stock is still off roughly 11% from its record close of $148.88 in early November. Nvidia shares have fallen as investors
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NVDA
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- 11/20/24 - Beat
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- 12/20/24 - Form 4
- 12/18/24 - Form 4
- 12/16/24 - Form 144
- NVDA's page on the SEC website