A Citi analyst cut Nvidia's price target from $315 to $285 but still recommends buying the stock.

NVDA · Nvidia Corporation

The AI's read

Higher HBM prices could leave Nvidia with less profit from each sale. The report also says sales remain strong, and Citi expects results to beat estimates. Other analysts remain positive ahead of earnings, even as Wall Street grows more cautious about profit. Together, these signs do not show a clear change in Nvidia's business outlook.