On a positive note, Bank of America raised its price target on Nvidia to $1,100, implying gains of nearly 20%.
Analyst Ruplu Bhattacharya upped his price target by $240 to $1,280, now implying upside of 10.1% from Tuesday's close.
Analyst Sheila Kahyaoglu upgraded the airline stock to hold from underperform and raised her price target by $8 to $28.
Still, her new price target implies shares will slid another 2.6% — even after Tuesday's big drop.
Notably, he said Nvidia stock is at a lower forward price-to-earnings multiple today than when ChatGPT was launched.
Persons:
Wells, BofA, Ruplu Bhattacharya, Bhattacharya, Alex Harring, Jefferies, Sheila Kahyaoglu, Tuesday's, Kahyaoglu, — Alex Harring, Vivek Arya, Arya, ChatGPT, Colin Langan, Langan, Fred Imbert
Organizations:
CNBC, Bank of America, Nvidia, Artificial Intelligence, Super Micro, Southwest, Jefferies, Boeing, of America, Tech Conference, EU, China
Locations:
Tuesday's, underperform, Woodstock, Wells