Yes, Nvidia Stock is Expensive — But Oppenheimer Says It’s Worth the Price

Motley Fool

Why Nvidia Stock Bounced Back Thursday

After sliding along with the rest of the stock market Wednesday, shares of seesawing semiconductor stock Nvidia (NASDAQ: NVDA) are bouncing back on Thursday morning, and up 3.8% as of 11:40 a.m. ET. Curiously, it seems you can thank two investment banks — both of which lowered their price targets on Nvidia today — for the rebound. In twin reports this morning, first Oppenheimer cut its price target on Nvidia to $300, and then banker Wedbush cut its target to $190, as TheFly.com reports today.