TD Cowen has lowered its course goal for Nvidia (Nvda,, Financial) $ 140 at $ 175, stick to a purchase note Even if the stock is down by almost 22.8% this year.
The revision came from analyst Joshua Buchalter, who said that Nvidia remained the first choice of the company in the calculations sector. He underlined the new NVL72 Racks based on the company’s GB200 as a short -term income engine, although he has reported challenges for customers adopting new systems and transitioning to new generation ultra chips blackwell.
Keybanc Capital Markets also maintained a bullish position, keeping its price goal of $ 190. However, he recognized production problems and potential delays related to Blackwell Ultra.
Nvidia’s shares fell 6% on Thursday, closing at $ 107.74, after a large rally the day before. The stock had jumped 19% following a period of 90 days in most American prices, excluding people on China.
The wider flea sector remains under pressure. Trump administration prices weigh on suppliers in Taiwan and China, companies like Tokyo Electron see stock reductions. Analyst Ming-Chi Kuo urged caution, citing continuous uncertainty.
Even with gout, analysts say that Nvidia remains a key name to look at while it grows through product deployments in a difficult macro environment.
This article appeared for the first time on Gurufocus.