Nvidia Price Targets: What to Expect
Wall Street firms up
Nvidia price targets ahead of earnings
Nvidia (NVDA) is set to report its fiscal first-quarter earnings results after the closing bell on Wednesday. Ahead of the report, several Wall Street firms have updated their price targets on the stock. Here's a look at some of the most recent price target changes: * **Piper Sandler:** Raised its price target to $265 from $250. * **Citi:** Raised its price target to $280 from $270. * **Bernstein:** Raised its price target to $290 from $280. These price target increases reflect the positive sentiment surrounding Nvidia's upcoming earnings report. Analysts are expecting Nvidia to report strong results, driven by continued demand for its gaming and data center products. Nvidia's stock has been on a tear in recent months, rising over 90% year-to-date. The stock is currently trading at around $947, well above its 52-week low of $298.06. Investors will be watching Nvidia's earnings report closely for any signs of weakness. However, given the positive analyst sentiment and the company's strong fundamentals, Nvidia's stock is likely to continue to perform well in the coming months.
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