Category: Truist

Nvidia Shares Drop as Baird Cuts Price Target by 38 Percent, Downgrades to Neutral

April 13, 2022
Business & EconomyMarketsnvidiaRussiastocksTruist
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Baird analyst Tristan Gerra downgraded NVIDIA Corp to Neutral from Outperform with a price target of $225, down from $360. The price target implied a downside of 2.7 percent. Gerra contended that order cancellations recently started in consumer GPUs due to excess inventories, a slowdown in consumer demand and PC demand, and the Russia embargo. Gerra adds that while…

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Here’s Why Truist Slashed Price Targets on AMD, Intel, Nvidia

April 10, 2022
analystBusiness & EconomyIntelMarketsstocksTruist
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Truist analyst William Stein warned against the sustained semiconductor rally due to a sudden negative shift in demand signals from a wide swath of computer, consumer, and communications OEMs to at least some of their semi-suppliers. The cuts mainly related to production in the second quarter, but demand throughout the year’s second half remained strong….

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Read Why Truist Slashed NVIDIA Price Target by 10 Percent

January 7, 2022
Business & EconomyCompanieseconomyMarketsnvidiaslashTruist
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Truist analyst William Stein lowered the price target on NVIDIA Corp. to $350 from $389 but kept a Buy rating on the shares. The price target implies an upside of 26.8 percent. The company’s CES presentation, management meeting, and proprietary takeaways suggest upside potential to estimates. However, his reduced price target also reflects the recent decline in earnings multiples investors…

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