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Melius Reiterates Buy Rating on NVIDIA (NVDA), 'Attractive on PE to Growth'

May 28, 2024 6:19 AM EDT

Melius analyst Ben Reitzes reiterated a Buy rating and $1,250.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "Attractive on PE to Growth: Even with a decelerating growth rate on huge numbers, Nvidia's next 12-month (NTM) PEG ratio stands at about 1.1 on... More