Investment Bank Cuts NVDA Price Target But Remains Bullish on the Name
Investment bank TD Cowen lowered its price target on Nvidia (NVDA) stock to $140 from $175 today but kept a Buy rating on the shares.
NVDA Has Many Positive Attributes, TD Cowen Says
The chip maker should be boosted by its strong technology, while the firm’s long-term outlook is positive, according to the investment bank.
Moreover, the company’s top line has been growing rapidly, and it should get a lift from its upcoming launch of GB200-based NVL72 racks, TD Cowen believes.
TD Cowen notes that, over this quarter and the subsequent quarter, NVDA’s financial results will primarily be driven by its new Blackwell chip. The demand for this chip has…
