Analysts have been eager to weigh in on the Technology sector with new ratings on Nvidia (NVDA), MongoDB (MDB) and Yangtze Optical Fibre and Cable Joint Stock Co (YZOFF).
Nvidia (NVDA)
Stifel Nicolaus analyst Ruben Roy maintained a Buy rating on Nvidia today and set a price target of $315.00. The company’s shares closed last Friday at $217.55.
According to TipRanks.com, Roy is a top 25 analyst with an average return of 52.0% and a 66.7% success rate. Roy covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Lattice Semiconductor, and Skyworks Solutions.
Currently, the analyst consensus on Nvidia is a Strong Buy with an average price target of $328.43, implying a 44.5% upside from current levels. In a report issued on August 17, UBS also maintained a Buy rating on the stock with a $280.00 price target.
