Stock market today: Dow ends higher as tech regains momentum; Nvidia eyed

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Go back to Stock market today: Dow ends higher as tech regains momentum; Nvidia eyed

NVIDIA (NVDA) PT Raised to $600 at CFRA, 'we see FCF growth at +$23B in FY 24'

August 24, 2023 10:10 AM EDT

CFRA analyst Angelo Zino raised the price target on NVIDIA (NASDAQ: NVDA) to $600.00 (from $500.00) while maintaining a Buy rating.

The analyst comments "We increase our 12-month target to $600 from $500, on P/E of 32.6x our CY 25 EPS view, above peers but below... More

Former XPeng (XPEV) autonomous driving head joins Nvidia (NVDA)

August 24, 2023 8:24 AM EDT

Wu Xinhou, the former vice president of autonomous driving at Xpeng (NYSE: XPEV), announced Thursday that he is joining U.S. artificial intelligence giant Nvidia (NASDAQ: NVDA).

Although Wu didn't provide specific details about his new position at Nvidia,... More

Peloton Interactive (PTON) PT Lowered to $9 at Roth/MKM, 'Another Messy Quarter; NT Demand Outlook Remains Unclear'

August 24, 2023 5:57 AM EDT

Roth/MKM analyst George Kelly lowered the price target on Peloton Interactive (NASDAQ: PTON) to $9.00 (from $11.00) while maintaining a Buy rating.

The analyst comments "PTON's 4Q23 report showed continued consumer demand challenges and one-time issues that negatively impacted revenue growth and... More

NVIDIA (NVDA) PT Raised to $605 at Goldman Sachs, 'Strong Gen AI Demand and Improving Supply to Drive Continued Outperformance'

August 24, 2023 5:49 AM EDT

Goldman Sachs analyst Toshiya Hari raised the price target on NVIDIA (NASDAQ: NVDA) to $605.00 (from $495.00) while maintaining a Buy rating.

The analyst comments "Nvidia delivered against heightened investor expectations as growing investments in Gen AI infrastructure drove a 21% revenue beat and non-GAAP EPS (excl. SBC)... More

NVIDIA (NVDA) PT Raised to $600 at BMO Capital, 'High Bar? Not a Problem'

August 24, 2023 5:06 AM EDT

BMO Capital analyst Ambrish Srivastava raised the price target on NVIDIA (NASDAQ: NVDA) to $600.00 (from $550.00) while maintaining a Outperform rating.

The analyst comments "The company delivered another meaningful beat and raise. The AI demand continues to climb meaningfully higher. NVIDIA's visibility is... More

Peloton Interactive (PTON) PT Lowered to $8 at BMO Capital

August 23, 2023 5:13 PM EDT

BMO Capital analyst Simeon Siegel lowered the price target on Peloton Interactive (NASDAQ: PTON) to $8.00 (from $9.50) while maintaining a Market Perform rating.

The analyst commented, "4Q was yet another disappointing quarter. As weve highlighted for some time, we fear growing churn, slipping engagement, and... More

Citi Issues First Review on NVIDIA (NVDA) Earnings

August 23, 2023 4:46 PM EDT

Citi analyst Atif Malik reiterated a Buy rating and $520.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "CITIS TAKE: NVDA reported better-than-expected Jul-Q results and guidance amid continued AI demand strength. We are awaiting commentary on the earnings call at 5pm ET. See our preview. Fundamentals: NVDA... More

Peloton Interactive (PTON) PT Lowered to $9 at Barclays

August 23, 2023 4:35 PM EDT

Barclays analyst Mario Lu lowered the price target on Peloton Interactive (NASDAQ: PTON) to $9.00 (from $17.00) while maintaining a Overweight rating.

The analyst commented, "Despite a large pullback in PTON shares today, FCF and Connected Fitness gross margin excluding one-time charges... More