Nvidia Stock Soars as Analysts Raise Price Target to $900
Nvidia's stock price has been gaining attention from analysts this week.
According to data from Refinitiv, J.P. Morgan analyst Harlan Connolly raised his price target for Nvidia to $900 from $800, citing the company's strong growth prospects in artificial intelligence and gaming.
Connolly also upgraded Nvidia's rating to Overweight from Neutral.
In other news, SpaceX announced that it has been granted a license by the Federal Communications Commission (FCC) to launch its Starlink satellite internet service in the United States.