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Key Takeaways
- Nvidia shares finished slightly higher Monday after the chipmaker’s 10-for-1 stock split, and several analysts raised their price targets for the stock.
- Barclays, Susquehanna, and TD Cowen analysts lifted their price objectives for Nvidia stock from their previous targets on a split-adjusted basis.
- The split-adjusted stock price could make ownership more accessible to a wider range of investors, with Morgan Stanley analysts highlighting that Nvidia stock is more affordable than Advanced Micro Devices.
Nvidia ( NVDA ) shares finished 0.8% higher at $121.79 Monday in the stock’s first day of split-adjusted trading after a 10-for-1 forward stock split , and several analysts raised their price targets for the stock.
Barclays analysts updated their price target to $145 after the split, up from a split-adjusted $120 or $1200 before the split. The analysts took the opportunity to reiterate their view that Nvidia could see incremental growth in artificial intelligence (AI) product revenue and benefit from sovereign AI .
Susquehanna and TD Cowen analysts also reportedly lifted their price objectives for Nvidia stock from their previous targets on a split-adjusted basis, citing confidence in Nvidia’s strengths.
Nvidia’s split-adjusted stock price could make ownership more accessible to a wider range of investors. Morgan Stanley analysts highlighted that Advanced Micro Devices ( AMD ) shares now run at a higher price point than Nvidia, which the analysts said gives them “more confidence on upward revisions to AI forecasts” for Nvidia.
An increase in demand for the stock at a lower price per share could potentially lead the AI darling’s stock price to rise even higher.