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NVIDIA Remains Top Pick Despite Challenges, Says Morgan Stanley
Aug 26, 2024 10:09 PM - Davit Kirakosyan(Last modified: Aug 27, 2024 4:05 AM)
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Morgan Stanley analysts reaffirmed an Overweight rating and a $144 price target on NVIDIA (NASDAQ:NVDA) ahead of the company’s upcoming Q2 2025 earnings, scheduled to be released on August 28. Despite various market challenges, including China export controls and delays in bringing new products to market, the analysts emphasized that NVIDIA remains the firm's top pick.
The analysts pointed out that these headwinds have not disrupted the company's strong momentum, and they expect improved visibility as NVIDIA's new products begin to ramp up. The analysts remain confident in NVIDIA's long-term growth potential, even as market expectations continue to rise.
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