The firm initiated coverage on the stock with a buy rating and $60 price target, implying 37.2% upside from where shares closed on Monday.
Analyst Mark Lipacis has a target price of $1,160 on shares, suggesting around 35% upside from where shares closed on Monday.
However, it kept its $9 price target, which implies upside of just 7.7% over the next 12 months.
The stock price now better considers some of our midterm concerns," worte analyst Joseph Spak.
Analyst Frank Lee also raised his price target to $225 from $180, implying shares rallying nearly 38% from Monday's close.
Persons:
Rivian, Goldman, DraftKings, Goldman Sachs, Ben Miller, Miller, — Hakyung Kim, Joe Ritchie, Ritchie, Nvidia isn't, it's, Mark Lipacis, Lipacis, Hakyung Kim, hasn't, Nicole DeBlase, DeBlase, Joseph Spak, we'd, Fred Imbert, Frank Lee, Lee, Nvidia's GB200
Organizations:
CNBC, UBS, HSBC, AMD, US Online Gaming, GE, GE Vernova, General Electric, Nvidia, ISI, Honeywell, Deutsche Bank, Deutsche, Rivian Automotive
Locations:
NVDA, Monday's