7/102 sources · 2 publishersUpdated Nov 10, 17:46 UTC
Citi and Wells Fargo lower Nvidia price targets ahead of earnings
Citi trimmed its Nvidia price target to $285 from $315, citing margin pressure from high‑bandwidth memory costs. Wells Fargo also reduced its target, though the new level was not disclosed. Nvidia shares fell 2.1% in pre‑market trading and about 3% after the Citi downgrade. The company is set to report fiscal Q3 results on November 17, 2026.
Why it matters
The lower targets signal analyst concerns over margins, which could temper investor enthusiasm ahead of the earnings release. A reduced price target may influence valuation models and trading decisions for investors holding NVDA.
Key facts
- 1Citi cut its price target to $285 from $315. finance.yahoo.com
- 2Wells Fargo also lowered its price target. seekingalpha.com
- 3Nvidia shares dropped 2.1% in pre‑market trading. seekingalpha.com
- 4Nvidia shares fell about 3% after the Citi downgrade. finance.yahoo.com
- 5Nvidia will report fiscal Q3 earnings on November 17, 2026. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.