Why Nvidia Stock Is Trading Higher Today

Benzinga2022-03-29

NVIDIA Corp is trading higher Tuesday morning following bullish analyst coverage from Tigress Financial.

Tigress Financial analyst Ivan Feinseth maintained Nvidia with a Buy rating and raised the price target from $400 to $410.

Feinseth highlighted Nvidia's recently held GTC 2022 Conference. He attributed the price target increase to the company's new products and its ongoing advancement in AI, further powering data centers, gaming, autonomous technology and the omniverse.

The Tigress Financial analyst believes ongoing innovation driving new product introductions will continue to fuel accelerating business performance trends. Feinseth noted that the company's strong balance sheet and cash flow will enable it to fund growth initiatives via ongoing innovation and strategic acquisitions.

NVDA 52-Week Range: $123.73 - $346.47

The stock was up 2.77% at $290 at time of publication.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

BabySim
2022-03-30
BabySim
Ok
youtiao
2022-03-30
youtiao
I would like to think it will do well on long term.
AGHK
2022-03-30
AGHK
Price is high...
GANCL
2022-03-29
GANCL
For long term investment
NPC69
2022-03-29
NPC69
K
LearnerAdi
2022-03-29
LearnerAdi
👍🏼

Leave a comment

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