Reported 1 day ago
Piper Sandler has reaffirmed Nvidia Corporation (NVDA) as 'Overweight' and set a price target of $150, encouraging investors to maintain their positions ahead of the upcoming earnings report. Despite potential revenue challenges from macroeconomic factors and a chip ban, analyst Harsh Kumar remains optimistic about Nvidia's long-term growth, particularly in high-performance computing. The firm believes the negative news cycle may be nearing its end this year, making NVDA a significant player among AI stocks on Wall Street.
Source: YAHOO