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Nvidia price target lowered to $168 from $175 at Mizuho

Nvidia price target lowered to $168 from $175 at Mizuho

Mizuho analyst Vijay Rakesh lowered the firm’s price target on Nvidia (NVDA) to $168 from $175 and keeps an Outperform rating on the shares. The firm adjusted estimates to account for lower artificial intelligence peer group multiples. However, the analyst sees a “major catalyst ahead” with Nvidia’s developer conference on March 18.

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