Artificial intelligence (AI) and graphics processing unit (GPU) maker Nvidia (NVDA) has had a rough couple of days following President Donald Trump’s Liberation Day. The new tariffs announced during his presentation have greatly weighed down NVDA stock as investors try to determine how much this will affect the tech giant’s business.
Since the President’s announcement, a few analysts have weighed in on NVDA stock. Five-star Wells Fargo analyst Aaron Rakers didn’t lose confidence in Nvidia after Trump’s event. He reiterated a Buy rating and $185 price target, representing a potential 94.41% upside for NVDA shares. Five-star UBS analyst Timothy Arcuri also maintained a Buy rating but didn’t provide a price target for Nvidia.
One who was shaken by President Trump’s tariffs is HSBC’s four-star analyst Frank Lee. Not only did Lee downgrade Nvidia stock from a Buy rating to a Hold rating, but he also cut the firm’s price target for the shares from $175 to $120. Even so, that represents a possible 25.46% upside for NVDA shares.
Should You Buy NVDA Stock on the Dip?
If these analysts are right, NVDA stock could be worth picking up after President Trump’s tariffs. The price drop the stock has seen could make this sell-off an attractive entry point for traders betting on a rebound. The only thing traders might consider is waiting for an even lower price.
NVDA stock dropped 7.81% on Thursday, the first day of trading after Liberation Day, and is down another 6.39% on Friday. That means Nvidia hasn’t lost much momentum overnight as investors are still panicked by Trump’s tariffs. However, waiting until Monday could reduce that downward momentum as investors step away from the stock market over the weekend.
There’s a definite possibility that NVDA will start to recover on Monday, making today a good chance to get its shares at a discount. One wild card that could stop this is Trump. It’s unclear what he plans to do next, but any comments could cause further problems for the stock market.
Is NVDA Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Nvidia is Strong Buy, based on 38 Buy and four Hold ratings over the last three months. With that comes an average price target of $174.78, representing a potential 83.82% upside.
