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NVIDIA (NVDA) PT Lowered to $280 at Jefferies; Buyers on Weakness

August 25, 2022 8:00 AM EDT

Jefferies analyst Mark Lipacis lowered the price target on NVIDIA (NASDAQ: NVDA) to $280.00 (from $378.00) while maintaining a Buy rating following results, saying they are buyers on weakness.

The analyst commented, "We're buyers of NVDA after it's 3rd cut in 3 months, as we believe the 40%... More