Nvidia downgraded to Neutral by New Street Research due to limited future revenue potential

From Investing.com: 2024-07-07 09:32:49

Goldman Sachs upgraded Intercontinental Exchange (NYSE: ICE) to Buy with a $167 price target on Monday, anticipating 25% revenue growth in 2024E and 8%-10% growth in the future, driven by global leadership in Energy markets and growth in Fixed Income Data & Analytics. ICE closed at $136.93, up 0.19% from the previous close.

UBS downgraded Pure Storage (NYSE: PSTG) to Sell on Tuesday, citing a plateau in market share growth and slower revenue forecasts for FY26 and FY27. Despite a 83% YTD surge, PSTG’s valuation has been marked by multiple expansion. PSTG closed at $62.74, a 4.20% decline from the prior close.

Citi downgraded Charter Communications (NASDAQ: CHTR) to Sell on Wednesday, citing risks to earnings estimates and market valuation due to challenges in the organic broadband landscape. Analysts anticipate unfavorable catalysts in upcoming earnings reports. CHTR closed at $301.25, up 1.72% from the previous close.

New Street Research downgraded Nvidia (NASDAQ: NVDA) to Neutral with a $135 price target on Friday, raising concerns about limited potential for revenue upside post-2025. Consensus anticipates mid-teens revenue growth deceleration and possible market share gains by AMD. NVDA closed at $125.83, down 1.91% from the prior close.



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