of analysts covering the stock recommend buying Nvidia shares, with a target price of $170.43 over the next 12 months, according to Bloomberg data.
Overall, US stocks are continuing their rally as investors focus on earnings reports and the possibility of a “soft landing” for the economy. Tech stocks, particularly semiconductor companies like Nvidia and TSMC, are leading the gains. The upcoming earnings reports from big banks like Goldman Sachs, Citi, and Bank of America will continue to be a key focus for investors. Additionally, uncertainties surrounding interest rate cuts by the Federal Reserve and economic data like retail sales will influence market sentiment in the coming days.