NVDA Stock: Needham Reiterates BUY, Raises Price Target

Needham has reiterated its BUY rating on NVDA stock, raising the price target from $120 to $145. This optimistic sign suggests a bullish long-term outlook, though investor sentiment remains mixed. As Nvidia continues to beat revenue expectations, market volatility is expected, with potential downturns due to high expectations and AI market fluctuations.

Investors are closely watching NVDA as it navigates these dynamics, with both bullish and bearish ETFs showing increased activity.