Nvidia (NVDA) Stock: Top Analyst Raises Target to $245 on Strong Revenue Outlook

TLDR UBS analyst Timothy Arcuri lifted Nvidia’s price target to $245 from $235, suggesting 28% upside potential ahead of Q4 earnings. Arcuri forecasts Q4 revenue of $67.5 billion, beating company guidance by $2.5 billion, with Q1 expected around $76 billion. Supply chain data remains strong despite sideways stock movement, with the March GTC conference providing [...]

The post Nvidia (NVDA) Stock: Top Analyst Raises Target to $245 on Strong Revenue Outlook appeared first on Blockonomi.