By Nauman Khan
Publication Date: 2025-12-19 12:32:00
This article first appeared on GuruFocus.
Nvidia (NASDAQ:NVDA) shares climbed nearly 2% on early Friday trading after Tigress Financial raised its price target to $350 and reiterated a “Strong Buy” rating.
Tigress pointed to Nvidia’s lead in AI infrastructure and data-center computing as the driver of its bullish case, highlighting strength in networking and emerging applications.
The $350 target sits well above the average analyst forecast near $195, underscoring split views on near-term upside.
Traders said NVDA has been trading in a $174$180 band since pulling back from November highs above $210, with that range now acting as short-term support.
A clean break above $190 could open a path toward prior peaks near $210$220, while a slide below $170 may invite further selling, analysts say.
Nvidia director Harvey Jones sold 250,000 shares for about $44 million at roughly $177 each, a move some market participants called profit-taking.
The stock remains central to AI optimism, and technical and macro catalysts are likely to dictate near-term direction, market watchers say today.