Nvidia's blockbuster earnings, Fed minutes - what's moving markets

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NVIDIA (NVDA) PT Raised to $925 at New Street Research

February 23, 2024 9:21 AM EST

New Street Research analyst Pierre Ferragu raised the price target on NVIDIA (NASDAQ: NVDA) to $925.00 (from $535.00) while maintaining a Buy rating.

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NVIDIA (NVDA) PT Raised to $840 at CFRA

February 22, 2024 2:22 PM EST

CFRA analyst Angelo Zino raised the price target on NVIDIA (NASDAQ: NVDA) to $840.00 (from $700.00) while maintaining a Buy rating.

The analyst comments "We lift our 12-month target to $840 from $700, on P/E of 30x our CY 25 EPS view, above peers/ below... More

CFRA Downgrades Rivian Automotive Inc (RIVN) to Sell

February 22, 2024 12:00 PM EST

CFRA analyst Garrett Nelson downgraded Rivian Automotive Inc (NASDAQ: RIVN) from Hold to Sell with a price target of $10.00 (from $20.00).

The analyst comments "We cut our 12-month target to $10 from $20. We lower our adjusted EPS estimates to -$3.75 from -$3.00 for '24 and to -$3.00... More

JPMorgan Downgrades Rivian Automotive Inc (RIVN) to Underweight

February 22, 2024 10:13 AM EST

JPMorgan analyst Ryan Brinkman downgraded Rivian Automotive Inc (NASDAQ: RIVN) from Neutral to Underweight with a price target of $11.00 (from $20.00).

The analyst comments "We are downgrading shares of Rivian Automotive (RIVN) to Underweight from Neutral after slashing our estimates and price target to account for substantially slower growth amidst continued large losses. The reasons for our downgrade are multifold, including: (1) The company has fallen far short of its own targets for vehicle sales and production, let alone the seemingly much more ebullient expectations of its investors, and disappointing new guidance revealed yesterday... More