Fear has become an opportunity for Nvidia (NVDA).
After catching support at its 50-day moving average, Nvidia is just starting to pivot higher again. From its last traded price of $123.07, we’re looking for NVDA to again test $140.


Helping, analysts at Piper Sandler just reiterated an overweight rating on NVDA with a price target of $140. The firm noted that “We view the setup positively ahead of the July quarter earnings and the October quarter guidance.”
NVDA is also becoming oversold on RSI, MACD and Williams’ %R.
Sincerely,
Ian Cooper
Recent Comments