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Update: Morgan Stanley Lifts Price Target on Nvidia to $285 From $260, Maintains Overweight Rating

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(Updated to include Morgan Stanley's commentary)

Morgan Stanley raised its price target on Nvidia (NVDA) to $285 from $260 ahead of the company's upcoming earnings on Wednesday.

The brokerage expects a typical beat and raise and a bullish tone on key debates, including market share versus ASIC, gross margin, and rubin readiness.

The brokerage moved the company back to top-pick in semis in March, believing its below-market multiple offered an attractive entry point in the primary generative AI winner

Nvidia has an average rating of buy and mean price target of $274.39, according to analysts polled by FactSet.

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Price: $222.17, Change: $-3.16, Percent Change: -1.40%

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