Analysts Recommend Buying Nvidia Dip, Downgrade General Motors

On Thursday, analysts made significant recommendations regarding Nvidia and General Motors. Morgan Stanley reiterated an overweight rating for Nvidia, setting a price target of $175 per share, which suggests a potential upside of over 44% from its previous close. The firm emphasized the growing use of custom silicon on Arm as a key driver for future royalty expansion over the next few years. In contrast, Wolfe Research downgraded General Motors to neutral due to uncertainties surrounding the automaker's outlook into 2025. Despite a 34% increase in GM's shares this year, analyst Emmanuel Rosner pointed to challenges in expanding profit margins and recovering losses from sluggish electric vehicle demand as contributing factors to the downgrade. Additionally, other companies were also discussed, including Dollar Tree, which was downgraded to neutral, and Novartis, which saw a price target increase despite a downgrade. The overall sentiment reflects a cautious approach from analysts as they navigate the complexities of the current market landscape, particularly in the tech and automotive sectors. Investors are advised to consider these insights when making decisions, as the market continues to show volatility and uncertainty in various sectors.