Bryson even increased his price target to $300 from $220, but that still only catches up to the shares’ recent move higher. Wedbush analyst Matt Bryson recently downgraded Nvidia’s stock to neutral from outperform, while admitting that it was just because the valuation has moved so high. Hopes that the company can be a major player in a metaverse future, continued gains in data-center chips and the never-ending popularity of videogames have combined to boost Nvidia that high, but some analysts are now concerned that shares will struggle to move higher even with more strong numbers in the coming report.
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