Because traders aren't actually buying the shares it's like "the market is pricing lottery tickets - $160 calls - not an investment in future prospects on NVDA in common stock," Citron said its report. The white paper points out that the number of call options on Nvidia is exploding in popularity. The stock took off Citi's call, but Citron says the move is not sustainable. The firm’s 50 day moving average is 152.59 and its two-hundred day moving average is 177.08. ![]() When Citi announced their increased target price, it was a 21% upside. Shares of NASDAQ:NVDA opened at 120.76 on Friday. The firm increased its target price for the stock to $180, representing an 8.5% upside to the current share price. As of 2022 October 08, Saturday current price of NVDA stock is 120.830 and our data indicates that the asset price has been in a downtrend for the past 1 year (or since its inception). Most notably, Citrons Andrew Left voiced skepticism of Ubiquitis unusually. Citigroup analysts have a 180 price target for NVDA the exact price target Citron refuted in its note, with Left saying there was a better chance Nvidia stock would hit 130 before it hit 180. ![]() Meanwhile, Wall Street's biggest Nvidia bull is Citi Research, who says Nvidia chips could be used in large-scale data centers and that more of those centers are being built to keep up with demand in artificial intelligence and virtual reality. NVIDIAs (NASDAQ: NVDA) stock price has nearly tripled over the past year. ![]() ![]() "While we are fans of NVDA emerging business in auto, gaming, and AI …have the prospects of these technology doubled in value in 6 months or is this an example of analysts chasing stock price?," Citron's white paper asks.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |