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Nvidia price target lowered to $150 from $160 at BofA

BofA lowered the firm’s price target on Nvidia (NVDA) to $150 from $160 and keeps a Buy rating on the shares. Following the H20 effective shipment ban to China on April 15, the firm views China and H20 exposure as “generally de-risked” and believes its revised FY26 and FY27 base case EPS of $3.97 and $5.74, respectively, “fully bakes in the cut.” The firm reiterates a Buy on Nvidia as it views the current stock volatility as “an enhanced buying opportunity,” the analyst added.

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