The chipmaker was initiated with an outperform rating by Loop Capital, which set a Wall Street-high price target that calls for 65% upside.
He also raised his price target on U.S.-traded shares to $22.22 from $19.16, implying shares could rise 27% from Thursday's close.
It also cut its price target by $1.50 to $8.50, suggesting just 6.2% upside potential from Thursday's closing price.
— Hakyung Kim 5:41 a.m.: Oppenheimer downgrades Nike Don't expect much out of Nike shares in the near future, according to Oppenheimer.
The firm downgraded the apparel giant to perform from outperform and slashed its price target to $110 per share from $150.
Persons:
Oppenheimer, Carvana, Raymond James Carvana's, Raymond James, Mitch Ingles, Ingles, — Hakyung Kim, Jefferies, Alex Wright, Wright, Peter Grom, Chris Peterson's, Grom, Newell, Brian Nagel, Fred Imbert, Ananda Baruah, Hakyung Kim
Organizations:
CNBC, Nvidia, Nike, Loop, Jefferies, UBS, Newell Brands Consumer, Newell Brands, Nvidia Nvidia, CY2025
Locations:
Thursday's, America, CY2024