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Analysts Offer Insights on Technology Companies: Nvidia (NVDA) and Grab (GRAB)

Tipranks - Tipranks - Thu Jul 9, 4:54AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Nvidia (NVDA) and Grab (GRAB) with bullish sentiments.

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Nvidia (NVDA)

Bank of America Securities analyst Vivek Arya maintained a Buy rating on Nvidia yesterday and set a price target of $350.00. The company’s shares closed last Tuesday at $196.93.

According to TipRanks.com, Arya is a 5-star analyst with an average return of 27.8% and a 61.3% success rate. Arya covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Advanced Micro Devices. ;'>

Nvidia has an analyst consensus of Strong Buy, with a price target consensus of $309.33, which is a 60.8% upside from current levels. In a report issued on June 23, Bernstein also maintained a Buy rating on the stock with a $315.00 price target.

See the top stocks recommended by analysts >>

Grab (GRAB)

Bank of America Securities analyst Sachin Salgaonkar maintained a Buy rating on Grab yesterday and set a price target of $5.20. The company’s shares closed last Tuesday at $3.93.

Salgaonkar has an average return of 19.4% when recommending Grab. ;'>

According to TipRanks.com, Salgaonkar is ranked #2986 out of 12377 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Grab with a $6.10 average price target, implying a 57.2% upside from current levels. In a report issued on July 2, J.P. Morgan also maintained a Buy rating on the stock with a $5.70 price target.

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