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Citi Trends, Inc. stock price

Citi Trends, Inc. latest news:


  • 10/16/2017 08:12:27

    Nvidia's stock hits another record high after analyst boosts price target

    Shares of Nvidia Corp. rose 0.4% in morning trade Monday, and reached an all-time intraday high earlier in the session, after Mizuho raised its price target, citing strength in its GPU business and trends in the China data center market. Analyst Vijay Rakesh affirmed his buy rating, and boosted his price target to $220, which is 12% above Monday's intraday high of $195.80. Rakesh said pricing for graphics processing units has been trending higher in recent months, given strong demand from the gaming and cryptocurrency markets, which should provide a tailwind for results. He said recent business deal wins in China should provide another tailwind, as should growing demand from the self-driving market. The stock has nearly tripled over the past 12 months, while the PHLX Semiconductor Index has climbed 51% and the S&P 500 has rallied 20%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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