Nvidia Stock Dips on Rare Downgrade Despite New Price Target

Nvidia's stock fell after Phillip Securities downgraded it from Buy to Accumulate, despite raising the price target to $160. The downgrade reflects expected returns of 5%-20%, compared to over 20% for a Buy rating. Strong demand for Nvidia's H200 Hopper and upcoming Blackwell chips is noted, though profit growth may slow post-mid-FY26. Trade tensions, especially with potential U.S.-China issues, could impact Nvidia, but its reduced exposure to China mitigates some risk. Analysts maintain a Strong Buy consensus with a price target of $165.18, suggesting a 16.27% upside.