Nvidia short sellers lose $826 million as stock jumps after strong forecast

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Go back to Nvidia short sellers lose $826 million as stock jumps after strong forecast

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