WEB Deutsche Bank Gives NVIDIA a Hold Rating

Deutsche Bank Retains Hold Rating for NVIDIA

Deutsche Bank analyst Ross Seymore maintained a Hold rating on NVIDIA (NASDAQ:NVDA) in a report published on Tuesday, February 21, 2023. The analyst set a price target of $560.00 on the stock.

NVIDIA's Performance in 2023

NVIDIA's stock has performed well in 2023, driven by the hype surrounding artificial intelligence (AI). The company is a leader in the development of AI chips, which are used in a variety of applications, including gaming, data centers, and self-driving cars.

Deutsche Bank's Analysis

In his report, Seymore noted that NVIDIA's shares are trading near his price target of $560.00. He believes that the company's valuation is fair, and he does not see a significant upside potential in the near term.

Analyst Consensus

According to analysts polled by Refinitiv, NVIDIA has an average rating of Buy and price targets ranging from $535.00 to $1,200.00.

Conclusion

Deutsche Bank's Hold rating on NVIDIA reflects the analyst's belief that the company's stock is fairly valued and that there is limited upside potential in the near term.