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Why Wedbush Downgraded Nvidia?

Why Wedbush Downgraded Nvidia?

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Wedbush analyst Matt Bryson downgraded NVIDIA Corp (NASDAQ:NVDA) to Neutral from Outperform with a price target of $300, up from $220, implying a 1.3% downside to November 11 closing price of $303.90. The analyst cites valuation for the downgrade, with the shares trading at 55 times his 2024 numbers.

...read full article on Benzinga

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