Shares of NVIDIA rose on Tuesday after Jefferies analyst Blayne Curtis raised the price target on the chipmaker’s stock from $135 per share to $150 per share, representing a potential 25.5% increase. Despite the increase in price target, Jefferies maintained its “buy” rating on NVDA stock, which aligns with the consensus rating among analysts.
Curtis highlighted concerns about AMD’s pipeline but emphasized that NVDA remains a dominant player in the industry. He mentioned that NVDA’s decisions could have a significant impact on other companies like MRVL and ALAB. NVDA shares saw a 3% increase on Tuesday morning, trading over 124 million shares, which is below its average daily trading volume.
Investors are advised to stay updated on the latest stock market news. Other stocks like Chipotle, Nordisk, and Beyond Air are also in focus today. For more information on these developments, readers can access the links provided in the article.
This article was published on InvestorPlace Media and reflects the author’s opinions. William White, the author, does not have any positions in the mentioned securities. The article provides insights into the recent price target increase on NVDA stock by Jefferies analyst Blayne Curtis.
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https://investorplace.com/2024/06/jefferies-just-raised-its-price-target-on-nvidia-nvda-stock/
