(CercleFinance.com) – Nvidia gained nearly 2% at the start of the session on Wall Street, with the support of favorable remarks from brokers in the run-up to the publication, expected on August 23 after closing, of the manufacturer’s second quarter results graphics processors, cards and chips.
UBS thus reaffirms its ‘buy’ recommendation while raising its target price from 475 to 540 dollars, anticipating the announcement by the group of a solid revenue forecast of around 14.5 billion dollars for the third quarter. .
Similarly, Wells Fargo reaffirms its ‘overweight’ advice and raises its price target from $450 to $500, seeing the stock’s recent pullback as ‘healthy risk reduction’, given a bar it deems very high for quarterly results.
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