Does Seaport Research Know Something the Rest of Wall Street Doesn't? Analysts There Just Gave Nvidia a Sell Rating.
Nvidia (NASDAQ: NVDA) stock has slipped in recent times along with many other stocks -- especially technology players -- as investors worried about the impact of President Donald Trump's tariffs on imports. Though electronics products are exempt for the moment, the president has said he will soon announce a specific level of tariffs for the tech industry.So, tariffs do remain a risk for U.S. companies, though this doesn't change the long-term growth story for many well-established players -- such as Nvidia. The artificial intelligence (AI) boom continues, with companies continuing major investments to build out infrastructure, and as the chip leader, Nvidia stands to benefit.That's why analysts overwhelmingly rate Nvidia a buy and the average forecast calls for Nvidia stock to climb almost 50% over the coming 12 months. Yet, this week, Seaport Global Securities stepped away from the crowd by initiating coverage of Nvidia with a sell rating and predicting the stock will fall slightly from its current level. Does Seaport know something the rest of Wall Street doesn't? Let's find out.Continue reading
Nvidia (NASDAQ: NVDA) stock has slipped in recent times along with many other stocks -- especially technology players -- as investors worried about the impact of President Donald Trump's tariffs on imports. Though electronics products are exempt for the moment, the president has said he will soon announce a specific level of tariffs for the tech industry.
So, tariffs do remain a risk for U.S. companies, though this doesn't change the long-term growth story for many well-established players -- such as Nvidia. The artificial intelligence (AI) boom continues, with companies continuing major investments to build out infrastructure, and as the chip leader, Nvidia stands to benefit.
That's why analysts overwhelmingly rate Nvidia a buy and the average forecast calls for Nvidia stock to climb almost 50% over the coming 12 months. Yet, this week, Seaport Global Securities stepped away from the crowd by initiating coverage of Nvidia with a sell rating and predicting the stock will fall slightly from its current level. Does Seaport know something the rest of Wall Street doesn't? Let's find out.
