Stocks
Nvidia Price Target Lifts Amid Growing Demand
Nvidia is seeing a price target lift from Goldman Sachs to $280, up from the previous $240. The firm cited increasing demand for the company's graphics processing units (GPUs) in various industries.
Silicon Valley Bank analyst Tom O'Malley also raised his price target on Nvidia to $275 from $245, stating that the company's growth momentum remains strong.
In contrast, Morgan Stanley analyst Vivek Arya maintained a neutral rating on the stock and reduced his price target to $220 from $230, citing growing competition in the GPU market.