Analysts revise Nvidias stock price target
Nvidia, a leading semiconductor company, has been one of the most exciting stocks in the market over the past year. In a bold move, the company announced a 10-for-1 stock split in June, which has sparked optimism among investors and analysts.
While the practical implications of the split may not be as significant in today’s era of fractional stock ownership, it serves as a testament to Nvidia’s outstanding performance in recent years. The split also makes whole-share ownership more accessible to everyday investors.
Although the split did not immediately impact Nvidia’s recent period of stagnation, it did lead to several analyst firms revising their price targets and ratings for the company. Wall Street experts overwhelmingly reaffirmed their faith in Nvidia, with eight prominent analyst firms updating their ratings and price targets following the split on June 7.
Analyst revisions included a positive rating from Susquehanna, with a price target increase to $145. Barclays also followed suit with a similar move. Morgan Stanley maintained its ‘buy’ rating on Nvidia, while TD Cowen upgraded its forecast to $140.
Goldman Sachs increased its price target to $135 and Evercore ISI upgraded Nvidia to $145. Argus offered the largest price target boost to $150, while DZ Bank remained neutral on Nvidia’s prospects without providing a clear price target.
Overall, the stock split has generated renewed interest in Nvidia among analysts and investors, highlighting the company’s strong performance and future potential.
