Banking giant updates Nvidia stock price target

Core Viewpoint - Nvidia's stock experienced a significant pre-market rally, increasing by 4.41% due to positive developments in U.S.-China trade talks, despite UBS lowering its price target for the stock [1][6][11]. Group 1: Stock Performance - Nvidia's stock rose from $116.65 to $121.80 in pre-market trading [1]. - The stock's recent performance remains below its intraday highs of over $150, indicating a need for a 23.15% increase to reclaim those levels [8][9]. Group 2: Analyst Ratings and Price Targets - UBS analyst Timothy Arcuri maintained a 'buy' rating for Nvidia shares but reduced the price target from $180 to $175 [4][5]. - This marks a continuation of UBS's trend of lowering price targets, despite a previous streak of upward revisions since 2022 [4][5]. Group 3: Trade Developments - The pre-market rally was largely attributed to successful U.S.-China trade talks, which resulted in the postponement of most tariffs for at least 90 days [11]. - The potential for a bull market similar to 2024 could emerge in 2025 if the two countries build on the recent discussions [12]. Group 4: Future Outlook - Analysts may consider upgrading Nvidia's stock price targets again if trade talks lead to sustained bullish momentum in the market [6][10].