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UBS Boosts Nvidia Price Target, Sees Earnings Upside
Description
UBS predicts a bullish future for Nvidia, raising its price target to $275, indicating a potential 22% upside. Analyst Timothy Arcuri anticipates strong Q1 2023 earnings, possibly including shareholder cash returns. With 57 out of 61 analysts rating Nvidia as buy or strong buy, the stock has surged 29% in Q2 due to AI hype. The Vera Rubin platform, set to launch in H2 2023, is expected to drive data center growth. Earnings are due Wednesday, with top-line guidance potentially igniting further AI-driven gains.
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