NVIDIA stock received fresh buy ratings from multiple Wall Street firms in just a 7-day span. Wedbush stamped the highest target at $330, Jefferies and Mizuho at $300, and Morgan Stanley at $288.
Yet the stock is rolling over from a $236 peak. Institutional money turned negative on May 27, and retail volume turned red on May 15. The buyers Wall Street wants appear to have walked out.
Wall Street Just Stacked Buy Ratings on NVIDIA Stock
The case for NVIDIA stock is loud right now.
Wedbush analyst Daniel Ives raised his target on May 21 to $330, the highest figure on the street. That implies 53.59% upside from the current $214.86 close. Morgan Stanley’s Joseph Moore reiterated his $288 buy on the same day.
Jefferies came in at $300 on May 22, Mizuho at $300 on May 25, and Truist Financial at $307. Even the more conservative shops are positive. DBS holds $250, and UBS raised its figure from $275 to $280.
Of the 10 firms tracked this week, every single one rates NVIDIA stock a buy. The chart has been telling a different story.
NVIDIA Stock’s Institutional Money Walked Out First
NVIDIA stock rallied 44.18% from $164.27 in late March to a $236.84 peak on May 19. Since then, it has consolidated within a tight downward channel that resembles a bullish pole-and-flag pattern.
Want more insights like this? Sign up for Editor Harsh Notariya’s Daily Newsletter here.
Yet, the money flow profile has shifted. Institutional buying pressure, as tracked by the Chaikin Money Flow indicator, fell below zero on May 27. The last time that gauge broke zero was mid-March, right before NVIDIA stock fell 13.06%.
Retail volume turned red on May 15, and sales volume across the consolidation has held steady instead of fading. These two flow signals now point in the same direction, while Wall Street targets point in the opposite direction.
Stock Now Trades More Volatile Than Bitcoin as the Option Traders Take Sides
The tiebreaker between the buy ratings and the bleeding chart sits in volatility. NVIDIA’s 30-day annualized volatility now stands at 33.1%.
That tops Bitcoin at 22.9%, the NASDAQ-100 at 14.1%, and the S&P 500 at 8.6%. It is also higher than Tesla’s 32.2% and roughly level with Alphabet’s 33.7%.
A name moving with that kind of energy can override a technical setup within a session when sentiment shifts. That is the wild card here. Wall Street’s $330 figure assumes a re-rating catalyst lands. The tape currently assumes none. Whichever side gets the next trigger usually wins the week at this level of volatility.
The options market is already taking sides, and it is not the technical chart’s side.
On May 19, NVIDIA’s stock’s put-call volume ratio was 0.49. As of May 26, it has dropped to 0.42. A falling volume ratio means fresh positioning is buying more calls than puts.
Open interest climbed slightly from 0.79 to 0.81, but the volume signal is where new bets show up first.
That move tracks back to the volatility read. Traders are not building hedges. They are building upside exposure into a name moving fast enough if the catalyst lands. Now the chart has to be chosen.
Where NVIDIA Stock Price Goes Next
NVIDIA stock currently sits at $214.86, three dollars above the bull flag’s lower channel at $211. A daily close below $211.88 weakens the pattern.
A break of $194.70 invalidates it entirely and reopens the path back to the $164.27 low. To the upside, the first reclaim sits at $221.81, the 0.236 Fibonacci level.
A close above $221.81, then $227.95, opens the door to $237.89. Beyond that, $244.95 and $253.96 add up to $279.97, the 1.618 extension.
That figure aligns almost exactly with UBS’s $280 target. The move from $221.81 to $279.97 is a 26% increase. For now, NVIDIA stock holding above the $211 zone keeps the bull flag theory active. Losing $194.70 hands the trade back to the bears.
Read the Original story Top Wall Street Names See NVIDIA Stock at $330, But Buyers Just Walked Out by Ananda Banerjee at beincrypto.com