Nvidia (NVDA) Gets $150 Price Target as Piper Sandler Urges Investors to Stay Long

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0;switch(e){case"expanded_panel":o='{promoMarkup}{notifMarkup}',a=t._store.getNotifications(),r=t._generatePanelMarkup(o,a),i.innerHTML=r;break;case"error_panel":r=(o='{errorMsg}').replace("{errorMsg}",t._config.panel.errorMsg),i.innerHTML=r}n&&n()}else n&&n(new Error("No panel parent"))}},{key:"createPanelParentNode",value:function(e){e&&(e.innerHTML='',this._panelNode=document.getElementById(P))}},{key:"updateBadgeNode",value:function(e){if(e){var n=this._store.getNotifications().newCount,t=this._config.badge.maxCount;if(n){var o=n>t?t+"+":n;e.innerHTML=o}else e.innerHTML=""}}},{key:"addStyles",value:function(e){if(e&&"undefined"!=typeof window){var n=document.getElementById(this._config.panel.styleTagId);n||((n=document.createElement("style")).type="text/css",n.id=this._config.panel.styleTagId,n.innerText=e,document.head.appendChild(n))}}}]),e}(),U=function(){function e(n,t,o){L(this,e);var i=this;i._store=t,i._view=o,i._config=n;var 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In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other AI stocks gaining Wall Street’s attention.One of the biggest analysts calls on Tuesday, May 27, was for Nvidia Corporation. Piper Sandler reiterated the stock as “Overweight” with a $150 price target. The firm said it’s sticking with the stock ahead of earnings on Wednesday. NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, offering platforms for data centers, self-driving cars, robotics, and cloud services.Analyst Harsh Kumar expects NVIDIA to witness a flat to downward trend leading up to its earnings report, which is scheduled for tomorrow. Some reasons for the potential revenue shortfalls in the April quarter are macroeconomic uncertainties and the H20 chip ban. There is also the news of a new China-specific chip, anticipated towards the end of the July quarter.Nvidia (NVDA) Gets $150 Price Target as Piper Sandler Urges Investors to Stay LongA close-up of a colorful high-end graphics card being plugged in to a gaming computer.The said chip may influence the company’s guidance for July. Despite these near-term challenges, Kumar is optimistic about the latter half of the year on the back of strong high-performance computing (HPC) capital expenditure and improving macroeconomic conditions. The firm advises investors to stay optimistic about NVIDIA’s long-term performance despite short-term headwinds.“We advise investors to weather the uncertainty and stay long the stock as this is likely largely the last wave of negative news for NVDA this year. Reiterate OW rating.”Overall, NVDA ranks 2nd on our list of AI stocks gaining Wall Street’s attention. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock.READ NEXT: 10 AI Stocks on Analyst’s Radar Today and 10 AI Stocks on Wall Street’s Radar. Disclosure: None. This article is originally published at Insider Monkey.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures5,910.75 -12.00 (-0.20%)Dow Futures42,224.00 -43.00 (-0.10%)Nasdaq Futures21,354.25 -54.25 (-0.25%)Russell 2000 Futures2,073.50 -4.50 (-0.22%)VIX19.18 -0.13 (-0.67%)Gold3,320.20 -23.70 (-0.71%)PortfolioSign in to access your portfolioSign inTop gainersRGC Regencell Bioscience Holdings Limited 740.98 +216.98 (+41.41%)ELF e.l.f. 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