Wall Street's Latest Rating Changes Overview
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Should l Buy NVDA?
Source: CNBC
- GE Vernova Upgrade: Guggenheim upgraded GE Vernova from Neutral to Buy with a price target of $910, indicating that the market may be underestimating its cash generation potential and capital returns, suggesting further margin improvements in its electrification segment.
- Apple Remains Bullish: Bank of America reiterated its Buy rating on Apple, forecasting that iPhone upgrades will exceed expectations by 2026, while gross margins continue to rise despite commodity pressures, showcasing the company's robust performance across multiple sectors.
- Western Digital Price Target Raised: Morgan Stanley increased Western Digital's price target from $260 to $306, emphasizing the market's underappreciation of its sustainable pricing tailwinds and margin flow-through, reflecting a strong demand outlook.
- Spotify Rating Upgrade: Citi upgraded Spotify from Neutral to Buy, citing attractive valuation and beatable consensus estimates, with several positive catalysts expected to drive stock price increases.
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Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NVDA is 264.97 USD with a low forecast of 200.00 USD and a high forecast of 352.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 174.190
Low
200.00
Averages
264.97
High
352.00
Current: 174.190
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is a full-stack computing infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. The Company’s segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing platforms and artificial intelligence (AI) solutions and software; networking; automotive platforms and autonomous and electric vehicle solutions; Jetson for robotics and other embedded platforms, and DGX Cloud computing services. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating industrial AI and digital twin applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Seasonal Performance Outlook: Foxconn anticipates that the current quarter's seasonal performance will exceed the range of the past five years, reflecting a positive outlook on market demand that could have a favorable impact on its stock price.
- Competitive Market Position: As the world's largest server manufacturer, Foxconn's robust performance suggests enhanced competitiveness in the smart consumer electronics sector, potentially attracting more investor interest in its future growth prospects.
See More
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- Nvidia's Market Leadership: Despite increasing competition, Nvidia remains the leader in AI infrastructure, with its graphics processing units (GPUs) widely regarded as the best for training and powering AI models, and is expected to benefit as AI data center spending continues to grow.
- Broadcom's Custom Chip Advantage: Broadcom is assisting hyperscale data centers in designing custom AI chips, with its AI revenue projected to increase fivefold over the next two years, highlighting its critical role in the AI infrastructure buildout.
- Micron's High-Bandwidth Memory Demand: As a leading manufacturer of high-bandwidth memory and DRAM, Micron is experiencing skyrocketing demand, with revenue and profits expected to surge, particularly against a backdrop of 40% annual growth in high-bandwidth memory demand.
- Market Dynamics and Investment Opportunities: With the rapid development of AI infrastructure, companies like Nvidia, Broadcom, and Micron are actively investing to meet market demands, showcasing strong growth potential and making them top picks for investors.
See More
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- Market Panic Intensifies: The release of new AI tools by Anthropic has triggered a sell-off in software-as-a-service and data provider stocks, with the S&P 500 Software & Services Index dropping over 4% on Thursday and down about 20% year-to-date, indicating market concerns over traditional software business models.
- Divergent Views on AI: While Nvidia CEO Jensen Huang and Arm Holdings CEO Rene Haas argue that AI will enhance existing software tools rather than replace them, there remains a split among analysts regarding the long-term impact of AI on the software industry, with some warning that AI could compress profit margins.
- Hedge Fund Shorting Strategy: As of Wednesday, approximately $24 billion in software stocks have been shorted by hedge funds, reflecting a pessimistic outlook on the future of the software sector, although some analysts describe this panic as
See More
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- Historic Selloff: Wedbush analyst Dan Ives noted that Wall Street's punishment of software stocks like Salesforce, ServiceNow, and Microsoft is unprecedented, indicating a significant decline in investor confidence that could lead to a potential 5% loss in customers over the next few years.
- AI Challenges: Ives emphasized that while AI is disrupting the software industry, the notion that software companies have become irrelevant is overly extreme, suggesting that there is still room for survival, particularly citing Palantir as an example of software's adaptability in the new landscape.
- Weak Market Performance: According to Benzinga Edge Stock Rankings, Salesforce shows weak price trends across short, medium, and long-term horizons, along with a low value ranking, reflecting pessimistic market expectations for its future growth, which could impact its financing and investor confidence.
- Shift in Investor Sentiment: Ives pointed out that current market sentiment indicates a cautious attitude among investors towards the future of software companies, suggesting that their competitiveness in the AI era is under threat, which may lead to broader industry adjustments and reevaluations.
See More
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- Market Panic Intensifies: The release of new AI tools by Anthropic has triggered a broad sell-off in software and data stocks, with the S&P 500 Software & Services Index dropping over 4% on Thursday, marking an eight-day losing streak and a year-to-date decline of approximately 20%, reflecting concerns over traditional software business models.
- Divergent Executive Views: Despite the market turmoil, Nvidia CEO Jensen Huang and Arm Holdings CEO Rene Haas argue that AI will not replace enterprise software but will enhance existing tools, with Haas labeling the market panic as 'micro-hysteria,' indicating a divide in industry perspectives on the long-term impact of AI.
- Hedge Fund Short Selling: As of Wednesday, approximately $24 billion in software stocks have been shorted by hedge funds, highlighting investor pessimism about the software sector's outlook, although analysts suggest that the impact of AI on software providers is likely to be short-lived, as enterprises will not easily abandon their existing investments.
- Complex Industry Outlook: Analysts warn that AI could pressure software profits and limit pricing capabilities, although key players like Oracle and ServiceNow are seen as having a sustained 'right to earn,' suggesting that the future of the software industry remains uncertain in the age of AI.
See More
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- Strong Earnings Performance: Alphabet's fourth-quarter earnings report exceeded market expectations on both revenue and net income, although investors expressed concerns over its aggressive capital expenditure plans for 2026, which are projected to reach $175 billion to $185 billion, doubling last year's spending.
- Returns on AI Investments: Alphabet's management highlighted the substantial returns from its existing AI investments and plans to increase spending on AI compute to support frontier model development by Google DeepMind, indicating reliance on Nvidia hardware to enhance core business operations.
- Partnership with Nvidia: Alphabet identified Nvidia as a key partner and one of the first to access Nvidia's new Vera Rubin GPU platform, underscoring that despite challenges from companies like Alphabet, hyperscalers remain heavily dependent on Nvidia's hardware.
- Robust AI Market Demand: Following the launch of Gemini Enterprise, Alphabet reported selling 8 million paid seats within four months, with management asserting that AI investments and infrastructure are driving overall revenue and growth to meet customer demand and capitalize on future opportunities.
See More
