Phillip Securities downgraded Nvidia (NVDA) to Accumulate from Buy with a price target of $160, up from $155, following the Q3 report. The firm cites the recent movement in the shares for the downgrade. It also lowered margins assumptions for fiscal 2026 to reflect management guidance of lower margins due to Blackwell products.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVDA:
- SMCI, DELL, HPE: AI Stocks Surge on Nvidia’s Strong Q3 Results
- Why Nvidia Is Still a Buy Despite Market Doubts
- Nvidia Stock Wins a New Street-High Price Target
- Nvidia (NVDA) Insiders File to Sell $34 Million of Company Stock
- Nvidia reports Q3 beat, Starbucks explores China partnerships: Morning Buzz