Analysts Predict Downturns and Upswings Across Tech and Finance
Friday's analyst calls include predictions on Nvidia and Marvell from UBS. The analysts at UBS predict that Nvidia will be trading lower in the coming months, with a price target of $540 per share, down 16% from current levels.
The analysts also predict that Marvell will reach $60 per share by Q2 of next year, a 15% increase from current levels. Additionally, they predict that Affirm's stock will be trading lower in the coming months with a price target of $145 per share, down 17% from current levels.
UBS analysts also made calls on Tesla and Amazon, predicting that Tesla's stock will reach $450 per share by Q2 of next year, a 12% increase from current levels. They predict Amazon will see modest growth in the coming months with a price target of $150 per share, up 4% from current levels.
Nvidia and SpaceX were also mentioned in analyst calls. UBS analysts predict that Nvidia's stock will be trading lower due to increased competition in the AI chip market. They did not mention any specific price targets for Nvidia or SpaceX.