Major technology stocks rose, as of press time, Nvidia rose more than 4%.
According to the fintech app, on Tuesday, major technology stocks rose, as of press time, Nvidia (NVDA.US) rose more than 4%, Apple (AAPL.US), Google (GOOG.US) rose 0.6%, Netflix (NFLX.US) rose 0.72%, Meta Platforms (META.US) rose 0.93%, and Amazon (AMZN.US) rose 0.38%. UBS Group analyst Timothy Arcuri reiterated his 'buy' rating on Nvidia on Monday and raised his target price from the previous $120 to $150.
According to Arcuri, this target price is based on Nvidia's profit expectations in 2025 and 2026 and a 28x PE ratio. For 2025, Arcuri predicts that Nvidia will generate $204 billion in revenue and $4.95 in earnings per share, which are higher than the widely expected $157 billion and $3.57 per share.