Nvidia stock target price cut by several institutions

20 May 2022

Nvidia shares also weakened last week and moved lower amid continued volatility. NVIDIA has a 52-week high of $346.47 and a 52-week low of $135.43. With the next earnings report expected on May 25, there is reason to believe the price will continue its upward corrective path if the stock matches the market's short-term rally correction, overlaid with the upcoming earnings release, but we cannot be overly optimistic as the large institutions in the market have generally downgraded their ratings and price targets on NVDA. In the absence of a reversal signal, you are expected to be very cautious.

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