AAL

NVDA, CMG Stocks Lifted By Ambitious Analyst Upgrades

Another NVDA analyst waxed optimistic on the company's gaming business

Aug 15, 2018 at 9:45 AM
facebook X logo linkedin


Sentiment in the options pits was already bullish on Nvidia Corporation (NASDAQ:NVDA) ahead of the company's post-close earnings release tomorrow, Aug. 16, and now there's upbeat attention coming from the analyst community. Wells Fargo issued a big upgrade on NVDA stock this morning, raising its rating on the semiconductor issue to "outperform" from "underperform," and boosting its price target to $315 from $140. The upgrade was based on the company's strong position in gaming and artificial intelligence -- familiar focal points of Wall Street.

There are still a number of Nvidia bears in the analyst community, illustrated by the equity's eight "hold" ratings. At the same time, the average 12-month price target stands all the way up at $295.67. NVDA shares have rallied more than 35% since the start of the year, last seen slightly higher at $261.80, not too far from their June 14 record high of $269.20.

Another stock receiving positive analyst attention is Chipotle Mexican Grill, Inc. (NYSE:CMG). Morgan Stanley upgraded CMG shares to "overweight" from "equal-weight" and set a $600 price target -- almost 22% above yesterday's close at $493.32. The brokerage firm said it's still early into the company's turnaround while also mentioning the new focus on digital initiatives. Meanwhile, Citigroup raised its price target on Chipotle to $573 from $506.

As such, the equity is up more than 2% today, trading above $500 for the first time since March 2016, topping out at $505.98 so far. There's a chance we could continue to see CMG bull notes trickle through, since 17 of 24 analysts have "hold" or worse ratings on the shares. Plus, volatility expectations remain unusually low.

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.