Wall Street lifts NVIDIA targets as buyers pull back

Several Wall Street firms raised price targets for NVIDIA between May 21 and May 25. Wedbush set the highest target at $330 on May 21. Morgan Stanley reiterated a $288 target the same day. Jefferies posted $300 on May 22 and Mizuho set $300 on May 25. Truist set a $307 target during the week. DBS maintained a $250 target and UBS raised its target from $275 to $280. Ten firms tracked that week rated the stock a buy.

NVIDIA’s stock rose about 44% from roughly $164.27 in late March to a $236.84 high on May 19, then entered a tight downward consolidation. The stock was trading near $214.86 in the period covered by these data. The Chaikin Money Flow indicator, a measure of institutional demand, fell below zero on May 27. Retail trading volume turned net selling on May 15. Selling volume across the consolidation phase remained steady.

Options-market activity showed more call buying than put buying during the recent period. The put-call volume ratio declined from 0.49 on May 19 to 0.42 on May 26. Reported open interest rose slightly from 0.79 to 0.81 over the same span.

NVIDIA’s 30-day annualized volatility was roughly 33.1% in the cited data. For comparison, the same measure was about 22.9% for Bitcoin, 14.1% for the Nasdaq-100 and 8.6% for the S&P 500. Tesla’s 30-day volatility was about 32.2% and Alphabet’s about 33.7% in the same window.

On the charts, the stock sat roughly $3 above the lower boundary of a proposed bull-flag pattern near $211. A daily close below $211.88 would weaken that flag pattern, and a drop below $194.70 would invalidate it and reopen a path toward the late-March low near $164.27. To the upside, reclaiming $221.81, the 23.6% Fibonacci retracement, was the first technical hurdle. Further levels shown in the analysis included $227.95, $237.89, $244.95 and $253.96, followed by a 1.618 extension near $279.97, a level close to UBS’s $280 target.

During the period reported, analyst price targets rose while the Chaikin Money Flow and retail volume indicators showed selling on the dates given. The data above describe the ratings, price action, flow indicators, options positioning and technical price levels observed in late May.