From Investor's Business Daily, June 10:
AI chipmaker Nvidia (NVDA) began trading Monday after its 10-for-1 stock split and received price-target hikes from three Wall Street analysts. Nvidia stock rose in late morning trades.
Barclays, Susquehanna and TD Cowen upped their price targets on the graphics-chip leader.
Barclays analyst Tom O'Malley raised his price target on Nvidia stock to 145 from a split-adjusted 120. He reiterated his overweight, or buy, rating on Nvidia.
The price hike reflects Nvidia's incremental sales opportunity from sovereign nations buying its AI chips, O'Malley said in a client note. He believes that particular market will accelerate significantly next year.
In late morning trades on the stock market today, Nvidia stock advanced 0.8% to 121.85.
No 'Air Pocket' In Sales Expected
Meanwhile, Susquehanna Financial Group analyst Christopher Rolland upped his price target on Nvidia stock to 145 from 120 on a split-adjusted basis. He kept his positive rating on Nvidia shares.Supply-chain checks indicate a smooth transition to Nvidia's B100 AI processors for data centers in the second half of 2024, he said....
....MUCH MORE
Also at IBD:
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