Stocks
Nvidia Stock Maintains Buy Rating After Hugging Face Acquisition
Nvidia's acquisition of Hugging Face for $12.93 billion has received a positive review from analyst Cody Acree at StoneX, who maintains a Buy rating and a price target of $335 on Nvidia stock (NASDAQ:NVDA).
The deal is expected to close in the first half of 2027, subject to regulatory approvals.
StoneX described the transaction as strategically positive and financially immaterial in the near term.
Nvidia shares traded about 2% higher after the announcement, with the stock currently at $234.19 and trading within 1% of its 52-week high of $236.54.
The firm made no changes to its financial estimates for the company, but maintained its $335 price target on the stock.