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Citigroup lowered Nvidia's price target from 285 USD to 225 USD, following a previous cut from 315 USD to 285 USD on November 10.
Citigroup has consecutively lowered NVIDIA's price target, from 285 USD to 225 USD.
PANews reported on November 12, citing Cailian Press, that Citigroup lowered NVIDIA's price target from 285 USD to 225 USD. Previously, on November 10, Citigroup had reduced NVIDIA's price target from 315 USD to 285 USD.
Source: https://www.panewslab.com/zh/articles/01a1cf57-feea-734d-8103-a3fac6a12765
PANews reports, citing Cailian Press, that Citigroup has lowered NVIDIA's price target from 285 USD to 225 USD.
Citigroup previously lowered Nvidia's price target from 315 USD to 285 USD on November 10.
The following is analysis, separate from reported facts. Verify important claims independently.
The target price is an analyst firm’s estimate or judgment of a stock’s price. The report notes that Citigroup has lowered NVIDIA’s target price twice in a row; this does not mean that NVIDIA’s share price has already fallen.
The target price adjustment may affect the market’s view of the stock’s valuation, but this news did not explain the reason for Huaxia’s downgrade, nor did it provide information on the stock’s reaction.
Changes in target prices should be viewed as institutional views, rather than actual stock prices or definitive future prices. When making judgments, it is also necessary to pay attention to the company’s performance, guidance, and market reaction.
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