Deutsche Bank maintained a hold rating on Nvidia ahead of earnings next week, while Wells Fargo raised its price target.
The firm downgraded shares to neutral from buy while lowering its price target to $35 from $55.
He has a $850 price target on shares, indicating shares pulling back nearly 6% from Monday's close.
The analyst raised his price target on the stock to $1,150 from $974, implying upside of more than 27%.
He also raised his price target to $78 from $68, implying upside of 19% from Monday's close.
Persons:
Wells Fargo, Roth, Roblox, Eric Handler, Handler, — Hakyung Kim, Tesla's, Elon Musk's, Tesla, Dan Levy, Levy, Hakyung Kim, Jefferies, Boston Beer, Samuel Adams, seltzer, Kaumil, Boston Beers, Seltzer, Gajrawala, Ross Seymore, NVDAs, Seymour, Wells Fargo's Aaron Rakers, Rahul Krotthapalli, Krotthapalli, Fred Imbert
Organizations:
CNBC, Nvidia, Deutsche Bank, JPMorgan, Roth Capital Partners, Barclays, Jefferies, Boston Beer, Boston, Deutsche, Fitness
Locations:
Monday's, Boston