Buy Nvidia Stock:
Buy Nvidia Stock as UBS upgrades the stock from “market perform” rating to “outperform” rating in a The Fly report released on Friday.
Other equity analysts also recently issued investor reports about Nvidia. B. Riley recently raised their price target on NVIDIA from $290.00 to $300.00. The report Rates “Buy Nvidia” released on May 11.
On May 8th Deutsche Bank lifted their price projection on NVIDIA stock from $230.00 to $240.00 and gave the stock a “hold” rating.
Mizuho Equity research report lifted their price target on NVIDIA to $280.00 and gave the stock a “buy” rating on Friday, May 11th.
Royal Bank of Canada on a research report hiked their price target on NVIDIA from $300.00 to $310.00 and gave the stock an “outperform” rating on Monday, June 25th.
Finally, Rosenblatt Securities boosted their target price on NVIDIA from $300.00 to $315.00 in a report on Friday, May 11th.
Eight Equity analysts have rated Nvidia stock with a “hold” rating and thirty have issued a “buy” rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $281.58.
Nvidia Stock price Technical Analysis:
On Technical Analysis Buy Nvidia Stock is not a wise move. The very first buy on Nvidia stock was on May 8 Released by Deutsche Bank. After The Report by Deutsche Bank, the Stock rallied to the levels of $269. After that, the stock was in a consolidation phase.
The Nvidia Stock On Daily Chart forms Head and Shoulder pattern. If the Stock breaks Neckline then The Equity research firms have to worry much.
$245 to $243 is the Neckline And $233 is strong support for the Stock. And If the Support broke then $210 is the Next Support on the Downside. So Don’t go Blind buy the research report Analyse by self.