W3Schools

The Ratings Game: Nvidia’s stock suffers record plunge after analysts say it’s time to sell

Shares of Nvidia Corp. plunged on heavy volume on Thursday, after two Wall Street analysts swung to rare bearish ratings on the graphics chip maker, citing concerns over valuation and a tempered outlook for gaming.

Analyst Romit Shah at Instinet downgraded Nvidia to reduce from buy. Shah also slashed his stock price target to $90, which is 10% below current levels, after raising it to $100 from $80 just two weeks ago.

BMO Capital analyst Ambrish Srivastava dropped his rating to underperform, after being at market perform for at least the last 2 1/2 years. He cut his stock price target to $85, or 15% below current levels, after raising it to $100 from $75 less than three weeks ago.

>>> Original Source <<<