Target $160. Ready for short term volatility to $118.
$NVIDIA (NVDA.US)$ Nvidia's stock movement today shows mixed signals. Analysts have a consensus rating of "Strong Buy" with a price target averaging around $127.69, indicating a slight upside potential of 0.23% from its current price .However, yesterday trading activity has shown the stock experiencing some volatility, with a recent decrease of 5.57% in the past 24 hours
Several factors are influencing Nvidia's stock, including high expectations for its AI capabilities and partnerships, as well as broader market trends and investor sentiment. Some analysts have raised their price targets significantly, while others caution about the potential for a correction due to the stock's rapid appreciation and high valuation
Investors should watch key support levels around $126, as a drop below this could indicate further downside in the short term to $118.
Price target still set for $160 for end of 2024.
Several factors are influencing Nvidia's stock, including high expectations for its AI capabilities and partnerships, as well as broader market trends and investor sentiment. Some analysts have raised their price targets significantly, while others caution about the potential for a correction due to the stock's rapid appreciation and high valuation
Investors should watch key support levels around $126, as a drop below this could indicate further downside in the short term to $118.
Price target still set for $160 for end of 2024.
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