UBS Adjusts NVIDIA Price Target
Analyst Maintains Buy Rating
NVIDIA Stock Could Crash, Investors Warn
UBS has adjusted its price target for NVIDIA Corporation (NASDAQ: NVDA) from $1150 to $1200, maintaining its buy rating. The move follows a recent surge in the company's stock price, which has gained 45% since May 2024.
However, some investors are warning that NVIDIA's stock could be due for a correction. They point to the company's high valuation, which is currently trading at a premium to its peers. Additionally, they note that the company's growth may be slowing down, as the demand for its graphics chips begins to cool.
UBS analyst Timothy Arcuri remains bullish on NVIDIA, however. He believes that the company's long-term prospects are still strong, and that the current weakness in its stock price is a buying opportunity.
It remains to be seen whether UBS's optimism is justified. NVIDIA's stock price has been volatile in recent months, and it is possible that it could experience a further correction. Investors should be aware of the risks involved before investing in the company.
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