ATLAS News · Companies
MLQ.ai, citing CNBC, reports HSBC analyst Frank Lee cut Nvidia to hold from buy and lowered his price target to $170 from $365.
MLQ.ai reports that HSBC has downgraded Nvidia to hold from buy. The move was made by analyst Frank Lee on Friday, Nov. 13, according to the report, which cites CNBC.
Lee also lowered his price target on Nvidia to $170 from $365. MLQ.ai says the downgrade cites CEO succession and export risk as factors.
The description notes that Lee wrote that uncertainties will persist until a permanent successor is in place, though the excerpt is cut off and does not give further detail.
Analyst rating changes such as downgrades and price target revisions are a common way brokerages communicate their view on a company's outlook.
A rating change from a major bank's analyst can draw attention to the issues cited, in this case leadership succession and export risk at Nvidia.
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
Financial Services · London Stock Exchange
live price · GBP
Closing prices, fair value and probabilities: ATLAS own data. How we calculate fair value.
ATLAS writes its own summaries from the reporting of these outlets. Each link opens the original publisher.
Fair value, probabilities and earnings for every stock. Free account, no card. Information, not advice.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
ATLAS Signals
The week in the market, three stocks on ATLAS’s radar and what comes next. Get it every Monday.
By subscribing you agree to receive ATLAS Signals by email every Monday. You can unsubscribe with one click at any time. Privacy
ATLAS