This Analyst Cut His Price Target for Nvidia Stock. Its Challenges Go Beyond Russia and China.

Shares of Nvidia were ticking down in premarket trading on Monday after Piper Sandler cut its target for the stock price, citing concern over sales in important markets such as the U.S., China, and Russia.

Analyst Harsh Kumar lowered his target for Nvidia (ticker: NVDA) to $235 from $250 in a research note on Monday, but maintained an Overweight rating on the stock.

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