Wall Street Lifts Price Targets on 2 Major Portfolio Stocks
Let's take a look at some notable sell-side actions today.
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Citing upside potential for 2025 revenue and EPS, Loop Capital boosted its price target for Nvidia NVDA to $175 from $120. Upcoming capital spending comments from Big Tech companies, such as Microsoft MSFT, Alphabet GOOGL, Meta META, and Amazon AMZN will give a better indication of potential 2025 upside for Nvidia. Piper Sandler also upped its NVDA price target this morning to $140 from $120 but that seems more like a catch-up move to us.
Bernstein nudged its Amazon price target up to $215 from $210 this morning, saying that it sees Amazon Web Services (AWS) as a coiled spring for H2 2024. Also this morning, Truist raised its AMZN price target to $230 from $220.
At the time of publication, TheStreet Pro Portfolio was long NVDA, MSFT, GOOGL and AMZN.
