Nvidia News: New Street Research Upgrades NVDA Stock Amid Selloff

Even as Nvidia (NASDAQ:NVDA) is in the midst of a pesky correction, analysts are still long on the chipmaker stock. Indeed, New Street Research upgraded NVDA stock to a “buy” rating while raising its price target to $120 per share.According to analysts at New Street, the change comes upon recognition of the potential of Nvidia’s yet to be released Blackwell chip line, which is now set to release in the first quarter of 2025.The upgrade comes as NVDA stock finds itself in the midst of a more than 26% drawdow ...