Barclays analyst Blayne Curtis lowered his price target on Nvidia to $200, down from $295, while maintaining his overweight (buy) rating on the stock, according to The Fly. The analyst is downplaying recent gains on the semiconductor space, believing there are more declines to come. Deutsche Bank analyst Ross Seymore was even more cautious, writing, "The ongoing 'purgatory' stage of the semiconductor cycle continues to be in full effect as we head into [second quarter 2022] earnings season." Read More...
Barclays analyst Blayne Curtis lowered his price target on Nvidia to $200, down from $295, while maintaining his overweight (buy) rating on the stock, according to The Fly. The analyst is downplaying recent gains on the semiconductor space, believing there are more declines to come. Deutsche Bank analyst Ross Seymore was even more cautious, writing, “The ongoing ‘purgatory’ stage of the semiconductor cycle continues to be in full effect as we head into [second quarter 2022] earnings season.”
