NVIDIA and Autodesk see updated analyst price targets

Financial analysts have issued several updated price targets and ratings for technology companies NVIDIA and Autodesk.

For NVIDIA, China Renaissance raised its target price to $330 with a 'buy' rating, while Phillip Securities increased its objective to $300. Other firms, including Cantor Fitzgerald and Sanford C. Bernstein, have maintained bullish outlooks with targets ranging from $350 to $400. Despite recent momentum and strong data-center revenue, market observers are monitoring key support levels between $216 and $220 to confirm future price movements.

Autodesk has also seen shifts in analyst sentiment. Citigroup raised its price target to $276, maintaining a 'neutral' rating. Other institutions have provided varied outlooks, including Guggenheim, which boosted its target to $283 with a 'buy' rating, and Royal Bank of Canada, which lowered its objective to $305. Van ECK Associates Corp recently reduced its stake in Autodesk by 6.5% during the second quarter.