UBS Lifts Nvidia Price Target to $245, Cites Strong Revenue Outlook Ahead of Earnings
UBS has increased its price target on Nvidia to $245 from $235 and kept a Buy rating as it anticipates revenue that outpaces the company's guidance for the fiscal fourth quarter. The firm forecasts robust near-term sales and expects Nvidia to reaffirm a 75% gross margin, while noting potential guidance exclusions for China and investor concern over…