Analyst revises Nvidia (NVDA) stock price target
On Thursday, January 8, Nvidia (NASDAQ: NVDA) is seeing a modest uptick in pre-market trading, following reports that the company has introduced new upfront-payment and zero-cancellation policies for Chinese H200 customers.
At the same time, one market expert is revising his Nvidia stock price target, hoping Beijing sales will improve in the near future. Namely, Stifel analyst Ruben Roy has reaffirmed his “Buy” rating on Nvidia, with a $250 price target justified by a “more optimistic tone on China.”
Although Chinese authorities are still reviewing export licenses, the demand in the region remains robust. If approved, the note went, potential H200 sales to China could prove “materially additive” to the…
