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Wall Street Analysts Raise Nvidia Price Targets Ahead of Earnings
Wall Street Analysts Raise Nvidia Price Targets Ahead of Earnings
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Wall Street is recalibrating expectations for Nvidia Corp. as at least nine analysts lifted 12-month price targets this week, pushing the average to a record $194. The revised outlook suggests over 10% upside from Wednesday's closing price—a vote of confidence in the chipmaker's growth trajectory despite broader tech sector volatility.
"Nvidia's fundamentals are undeniable," said Brian Mulberry of Zacks Investment Management. "The stock isn't slowing down, so neither can our forecasts." The upgrades come amid a rotation out of megacap tech stocks that recently drove S&P 500 valuations to unsustainable highs, with investors now questioning the Federal Reserve's policy path.
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