Read Why Truist Slashed NVIDIA Price Target by 10 Percent

Read Why Truist Slashed NVIDIA Price Target by 10 Percent
An Nvidia logo is shown on a screen, during a keynote event at The Venetian Las Vegas, in Las Vegas, Nev. on Jan. 4, 2017. Ethan Miller/Getty Images
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Truist analyst William Stein lowered the price target on NVIDIA Corp. to $350 from $389 but kept a Buy rating on the shares. The price target implies an upside of 26.8 percent.

The company’s CES presentation, management meeting, and proprietary takeaways suggest upside potential to estimates.