Wells Fargo raised the firm’s price target on Nvidia (NVDA) to $185 from $165 and keeps an Overweight rating on the shares following quarterly results. The firm thinks any material pullback in the shares should be bought as it believes Nvidia’s forward-looking Blackwell demand comments were strong.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on NVDA:
- Citi ups Nvidia target, opens ‘positive catalyst watch”
- Nvidia price target raised to $170 from $155 at JPMorgan
- Nvidia price target raised to $160 from $145 at Barclays
- Nvidia Stock Could Take a Beating from Supply Snags on Blackwell Chips
- Nvidia Reports Record Q3 Revenue and Growth
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
