In an updated forecast reflecting current geopolitical tensions, Barclays has revised its price target for Nvidia (NVDA, Financial) to $155, down from a previous target of $175. Despite the lowered price target, the firm maintains its Overweight rating on Nvidia, signaling confidence in the company's long-term performance.
This adjustment comes as Barclays updates its models for the semiconductor and semiconductor capital equipment sectors, taking into account potential impacts from tariffs and the ongoing trade disputes. Analyst Tom O’Malley highlighted the decision to reduce target multiples, particularly due to risks associated with China and consumer markets.
Investors and analysts will be closely watching how such geopolitical factors influence Nvidia's upcoming first-quarter earnings. The market is keenly aware of the broader impacts that trade tensions could have on technology companies reliant on global supply chains.
