Midday movers: Nvidia, Walgreens, Palo Alto Networks and Teladoc fall

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NVIDIA (NVDA) PT Raised to $925 at New Street Research

February 23, 2024 9:21 AM EST

New Street Research analyst Pierre Ferragu raised the price target on NVIDIA (NASDAQ: NVDA) to $925.00 (from $535.00) while maintaining a Buy rating.

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NVIDIA (NVDA) PT Raised to $840 at CFRA

February 22, 2024 2:22 PM EST

CFRA analyst Angelo Zino raised the price target on NVIDIA (NASDAQ: NVDA) to $840.00 (from $700.00) while maintaining a Buy rating.

The analyst comments "We lift our 12-month target to $840 from $700, on P/E of 30x our CY 25 EPS view, above peers/ below... More

NVIDIA (NVDA) PT Raised to $875 at Goldman Sachs, 'Robust Gen AI infrastructure'

February 22, 2024 4:16 AM EST

Goldman Sachs analyst Toshiya Hari raised the price target on NVIDIA (NASDAQ: NVDA) to $875.00 (from $800.00) while maintaining a Conviction Buy rating.

The analyst comments "

Nvidia delivered against what was seemingly a very high bar with Data Center once again serving as the key growth driver. Looking ahead, despite the >3x yoy increase in Data Center revenue in... More

Citi Comments on NVIDIA (NVDA) Earnings, Offers Focus Points Before The Conference Call

February 21, 2024 4:59 PM EST

Citi analyst Atif Malik reiterated a Buy rating and $575.00 price target on NVIDIA (NASDAQ: NVDA)

The analyst comments "Fundamentals: NVDA reported Jan-Q revs/non-GAAP EPS (ex-SBC) of $22.1B/$5.16 vs. our $20B/$4.58 (ex-SBC) and Streets (FactSet) $20.4B/$4.59 and guided Apr-Q revenue to $24B (at MP) vs. our $20B and Streets $21.5B. Higher Hopper GPU shipments... More

Evercore ISI on Palo Alto Networks (PANW): 'mgmt has enough credibility to instill some confidence'

February 21, 2024 9:26 AM EST

Evercore ISI analyst Peter Levine reiterated an Outperform rating and $405.00 price target on Palo Alto Networks (NASDAQ: PANW).

The analyst comments "The post-market response to this print given all the moving pieces is unsurprising; nevertheless, we're maintaining our thesis. To start, our channel work this quarter, (here) & (here), provide sufficient evidence to suggest that there is no demand problem, no underlying shift in the fundamentals, and no new emerging competitive concerns. With no apparent demand deficit, we believe mgmt has enough credibility to instill some confidence in their choice to sacrifice... More