This is the weekly look at the consensus 12 month target prices for the SOXM stocks compared to Friday's closing prices.
Based on all the "red" numbers in the previously posted change table, this comparison shows 13 target prices above Fridays closing prices compared to 10 last week. Nothing is for sure in the market, but the drop in 12 month mean prices may put some downward pressure on some stock prices going forward.
Note NVDA as an example, close price is 216.14, but the 12 month price is 169.95(+127%). Analysts have disagreements on where the stocks goes from here. Posted just below the table is a sampling from a CFRA report today on the stock.
Even after another impressive quarter Wall Street is still mixed on where Nvidia stock is headed from here:
Citi has a Buy rating and $240 target.
Wells Fargo has an Underperform rating and $87 target.
Canaccord Genuity has a Buy rating and $225 target.
KeyBanc has a Sector Weight rating and no target.
BMO has an Underperform rating and $135 target.
Oppenheimer has a Perform rating and no target.
Loop Capital has a Buy rating and $235 target.
Bank of America has a Buy rating and $251 target.