Nvidia (NVDA) shares are rallying in Monday’s trading session following a price target upgrade from Piper Sandler. The investment firm raised its target for the chipmaker to $140 from $120, maintaining an Overweight rating and citing “extremely strong” demand for the company’s products.
Similarly, Apple (AAPL) received a boost from Wells Fargo analysts, who raised the tech giant’s price target to $275 from $225. The bank highlighted the potential of Apple’s artificial intelligence initiatives to drive sales and trigger an upgrade cycle among consumers.
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