.July 29, 2024 03:48:18 AM

Analysts at Piper Sandler are bullish on Nvidia (NVDA), reaffirming an “Overweight” rating and raising their price target from $120 to $140. This positive outlook stems from strong expectations for Nvidia’s upcoming earnings report and guidance. The analysts anticipate continued positive business trends fueled by the official launch of the Blackwell architecture in the October quarter. Apple (AAPL) is also seeing a boost in price targets after strong iPhone sales figures. However, Tesla (TSLA) faces downside risk due to concerns about valuation and challenges in the automotive business. Other tech companies have also seen analyst downgrades, emphasizing the importance of staying updated on analyst ratings. While analyst opinions offer valuable insights, it’s crucial to conduct thorough research before making investment decisions. Financial Modeling Prep (FMP) offers a powerful API for accessing financial data, while the WMA API integrates Weighted Moving Averages into analysis for informed investment decisions. By staying informed about analyst moves, conducting research, and utilizing tools like FMP and WMA, investors can make well-rounded decisions and navigate market volatility with confidence.