Nvidia Stock Got Two Price Target Hikes. The Market Shrugged.

Nvidia Stock Got Two Price Target Hikes. The Market Shrugged.
·2 min read

Two Wall Street analysts raised their price targets on Nvidia but the stock declined as momentum for the once red-hot shares of the graphics-chip maker continued to cool this week. Bank of America raised its price target on Nvidia (ticker: NVDA) to $275 from $260. Analyst Vivek Arya maintained his Buy rating on the stock, saying in a note, which included a larger call on the sector, that certain chip makers are benefiting from pricing power and “disciplined supply.”

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