Riding the growing demand for high-performance processing for both businesses and consumers, NVIDIA Corporation's NVDA stock jumped 25 percent last Friday from $67.75 to a high of over $88.
The spike came after a stellar Q3 earnings report, news that Tesla Motors Inc TSLA would be using NVIDIA chips in their cars, and rumors of a new, more powerful graphics card due to be released early next year.
Related link: See how crowdsourcing can help you time the market.
On Monday, the Vetr crowd downgraded its previous rating of NVIDIA from 3 Stars (hold) to 2.5 Stars (sell), after the stock appeared to reach its price target. The crowd’s average target price of $80.58 is still more bullish than the average analyst target price of $68.94.
Less than 2 percent of Vetr users are holding NVIDIA in their watchlists, and 94 percent of the crowd's ratings are bearish.
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