All the market-moving Wall Street chatter from Tuesday

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All the market-moving Wall Street chatter from Tuesday

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. Check out the latest calls and chatter below. All times ET. 5:45 a.m.: Goldman Sachs raises Nvidia price target on still strong AI demand Goldman Sachs sees enough demand for artificial intelligence to drive sky high Nvidia even higher. The firm reiterated a buy rating on the chipmaker and raised its 12-month price target on the chipmaker to $1,100 from $1,000. Goldman’s forecast calls for 19.3% upside from Monday’s close. Analyst Toshiya Hari also raised his 2025 to 2027 full-year earnings estimates by roughly 8% on average to “reflect intra-quarter industry data points indicative of continued robust AI server demand and improving supply.” The analyst added that growth in the company’s data centers segment will further stoke growth. Nvidia has rallied more than 86% in 2024. — Brian Evans 5:45 a.m.: UBS upgrades Vale The risk-reward balance for Vale is improving, according to UBS. The bank upgraded the mining giant to buy from neutral. It also raised its price target on U.S.-listed shares to $15 from $13, implying upside of 19%. “While we remain concerned about iron ore fundamentals medium-term & see downside to the spot price, we believe the overall risk-reward for Vale has improved with operational performance strong into Apr & some of the key ESG concerns set to moderate,” analyst Myles Allsop wrote. Allsop also noted that, while Vale has lagged iron ore peers over the past year due to ESG worries, “we see potential for these to moderate over the next 12mths and, despite our cautious medium-term view on iron ore, we see upside risk to the stock which we estimate is now discounting an iron ore price at ~US$85/t (vs RIO at ~$110/t).” Vale’s U.S.-listed shares are down more than 20% year to date and have lost 9.4% over the past 12 months. VALE 1Y mountain VALE year to date — Fred Imbert

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Investment strategy,Stock markets,Vale SA,Vale SA,NVIDIA Corp,business news
#marketmoving #Wall #Street #chatter #Tuesday

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