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Technology Stocks : Semi Equipment Analysis
SOXX 309.40+1.0%Dec 5 4:00 PM EST
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From: Julius Wong2/5/2024 9:03:07 AM
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Nvidia adds to recent gains as Goldman Sachs boosts prices target

Feb. 05, 2024 7:32 AM ET
By: Chris Ciaccia, SA News Editor
32 Comments

Justin Sullivan

  • Nvidia (NASDAQ: NVDA) shares added to recent gains on Monday as Goldman Sachs reiterated its Conviction Buy rating and boosted its price target on the semiconductor giant.
  • Fresh industry data points show "robust" artificial intelligence-linked server demand and improving GPU supply, analyst Toshiya Hari said. Hari raised his price target to $800 from $625, above the average Wall Street estimate of $679.64, and increased his adjusted earnings per share estimates for 2025 and 2026 by an average of 22%.
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