DA Davidson Maintains Neutral on NVIDIA, $120 Price Target
- Rating
- Hold
- Price target
- $120
- Implied downside
- -2%
- vs $123 prior close
DA Davidson analyst Gil Luria reiterated a Neutral rating and $120 price target on NVIDIA (NASDAQ: NVDA).
“We suggest a more nuanced view regarding NVIDIA’s different segments in order to isolate opportunities and risks.
We believe the conventional aggregation of MSFT/ AMZN/GOOGL/META capex may no longer be adequately capturing the current crosswinds.
While progress on China trade and the elimination of potential diffusion rules are positive developments, we see China restrictions as an overhang until the new rules are announced.”
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Tracking this call
Since this note+87% NVDA $123 → $230.48 (Oct 9) · moving away from the target
This call✓ Target reached on May 12, 2025, 26 days after the note. Same target as this firm’s Apr 16, 2025 note, so it is scored there.
Firm track recordDA Davidson: 90% of its 10 targets at least a year old were reached within 12 months (#6 of 20 firms); on NVIDIA, 6 of 6. Accuracy ranking →
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