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UBS: You should firmly hold Nvidia before the financial report, raise the target price to $540

智通财经2023-08-15

UBS said investors should "stay the course" ahead of Nvidia's fiscal second-quarter results. Analyst Timothy Arcuri reiterated his "buy" rating on Nvidia, saying investor expectations for performance have risen sharply, but given the pullback the stock has seen over the past month (in addition to yesterday's gains), the company remains bullish. Arcuri, who also raised his price target to $540 from $475, said the demand side will ultimately determine the company's long-term opportunities in artificial intelligence, but in the short term, it will be more about the supply side. Arcuri expects the company to...

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