UBS Raises Nvidia Price Target to $280, Citing Undervaluation After Earnings Dip
Nvidia shares slid 1.9% to $215.33 despite another earnings beat, continuing a pattern of post-earnings declines that UBS analysts call a buying opportunity. The bank upgraded its price target to $280 from $275, emphasizing the stock's discounted valuation.
"This is fatigue, not fundamentals," said UBS MD Timothy Arcuri, maintaining a strong buy rating. The revised outlook reflects confidence in Nvidia's $80 billion buyback program and 25x dividend increase—financial firepower that could fuel upward momentum when market sentiment shifts.
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