• Nvidia's Steady Trading Day Amid Bullish Analyst Outlook and Technical Indicators

  • Feb 24 2025
  • Length: 2 mins
  • Podcast

Nvidia's Steady Trading Day Amid Bullish Analyst Outlook and Technical Indicators

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  • Summary

  • As of today, February 24, 2025, Nvidia's stock price stands at 134.43 United States dollars at the closing time, with the top price for the day reaching 141.46 dollars and the lowest listed price being 134.03 dollars. This indicates a moderate trading day with no significant spikes or dips[1].

    In terms of trading volume, there was no notable activity reported on February 24, 2025, which did not cause a price change. This lack of trading volume suggests that investors are currently holding steady, awaiting further developments or announcements from the company.

    Recent news and announcements have been bullish for Nvidia. Analysts from KeyBanc and Oppenheimer have reiterated their positive outlooks on the stock. KeyBanc's John Vinh maintained an "Overweight" rating and increased his price target from 180 dollars to 190 dollars, anticipating robust results from Nvidia's Q4 FY 2025 report due on February 26. Oppenheimer's Rick Schafer echoed similar sentiments, maintaining an "Outperform" rating and a 175-dollar price target, expecting a 40 percent increase in capital expenditures from hyperscalers like Amazon, Microsoft, Google, and Meta.

    Technical analysis also supports a potential surge in Nvidia's stock price. Noted technical analyst TradingShot suggests that the stock could reach 190 dollars in the medium term, based on a consistent chart pattern observed over the last two years. This pattern indicates that consolidation periods are followed by significant surges in Nvidia's stock price after breaking the trendline of lower highs.

    Overall, Nvidia's stock appears to be in a strong position, with analysts and technical indicators pointing towards potential growth. However, investors should remain cautious and monitor any changes in the company's performance and market conditions.
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