{
  "id": 19793490,
  "title": "Wells Fargo reiterates Nvidia stock Overweight rating amid CEO transition",
  "url": "https://urgent.news/2026/11/13/wells-fargo-reiterates-nvidia-stock-overweight-rating-amid-ceo",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-13T10:43:06.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/wells-fargo-reiterates-nvidia-stock-overweight-rating-amid-ceo-transition-93CH-5024726"
  },
  "original_language": "en",
  "account": "Wells Fargo has maintained its Overweight rating and $300.00 price target on Nvidia (NASDAQ: NVDA) following CEO Jensen Huang's sudden resignation. The stock has fallen about 11% over the past week, reaching $166.19, but data indicates Nvidia is still undervalued. Huang stepped down as President, CEO, and board member immediately, with CFO Colette Kress stepping in as interim CEO and continuing as CFO. The board is now searching for a permanent replacement, considering both internal and external candidates.\n\nHarvey C. Jones was appointed as the new board chair. Nvidia reaffirmed its fiscal Q3 2027 earnings date of November 17. Analyst Matt Bryson at Wells Fargo remains confident in the company's growth and share estimates, noting Nvidia's supply chain scale, supplier investments, efficiency gains, and competitive differentiation will likely remain strong despite the leadership shift.\n\nWells Fargo's analysis highlights the company's strong financial health and a P/E ratio of 20.71, reinforcing the analyst's confidence in Nvidia's resilience. Other firms have also revised their outlooks on Nvidia. Barclays lowered its price target to $210 from $275, citing leadership transition risks, while Needham reduced its target to $200 from $300, maintaining a Buy rating. Raymond James, however, reiterated a Strong Buy rating with a $515 price target, unlike recent moves from other firms. StoneX downgraded Nvidia to Hold from Buy, dropping its prior target to $335. Meanwhile, Goldman Sachs retained a Buy rating with a $220 price target, as the board continues its search for a permanent CEO.",
  "summary": null,
  "key_points": [
    "Wells Fargo maintains Overweight rating on Nvidia stock",
    "CEO Jensen Huang resigns, CFO Kress becomes interim CEO",
    "Analyst confident in Nvidia's growth and share estimates"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}