Nvidia shares slide after Wedbush cuts price target to $275, keeps “outperform” rating

Nvidia Corp’s shares fell on Friday after Wedbush cut its price target while keeping a bullish stance on the AI chipmaker. In the trading session described by Yahoo Finance, the stock declined about 3% to $160.70.

The rating action came from Wedbush analyst Matt Bryson, who reduced his price target to $275 from $345 but did not change the firm’s “outperform” rating. Price targets are analyst estimates of where a stock could trade in a future timeframe, and changes often reflect a shift in assumptions about demand, margins, or the timing of revenue growth.

In acknowledging the target reduction, Wedbush pointed to growing uncertainty. The Yahoo Finance report characterizes the new view as tied to an environment where visibility is less clear than before, even as Wedbush remains constructive about Nvidia’s longer-term opportunity.

The market reaction underscores how sensitive Nvidia’s stock can be to changes in forward expectations. Even when the direction of the call stays positive, moving the target downward indicates that the path to prior expectations has become less certain.

While analysts frequently update models around sales growth and gross margins, the report does not lay out specific numerical revisions to those components. It also does not describe any new company-specific operational issues, with the emphasis instead placed on overall uncertainty.

Nvidia, the maker of GPUs and AI acceleration platforms used in data centers, has been a focal point for investors tracking the buildout of AI infrastructure by cloud providers and enterprises. In that context, analyst confidence can influence near-term sentiment, particularly when results and guidance are watched closely.