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via finance.yahoo.comMarkets

Wells Fargo cuts Nvidia price target to $300 from $315, keeps Buy rating

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Wells Fargo analyst Joe Quatrochi lowered his price target on Nvidia (NASDAQ:NVDA) to $300 from $315 while keeping a Buy rating, saying the chipmaker may still deliver solid upside in its fiscal third quarter and provide much needed…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA lower target with Buy kept is ordinary flow for the stock, tied to AI demand visibility and the upcoming fiscal quarter.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Wells Fargo lowers its NVDA target to $300 from $315 with a Buy rating.
  2. 02The analyst sees possible upside in the fiscal third quarter.
  3. 03The investigation involving CEO Jensen Huang may remain an overhang.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
NVIDIA CorporationNVDAStock167.81 USD+0.12%today -6.08%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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