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Analyst Stock Buzzers: NVIDIA Corporation (NASDAQ:NVDA), Caesars Entertainment Inc (NASDAQ:CZR), Wix.Com Ltd (NASDAQ:WIX)

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Following stocks are moving in the pre-market session after key updates from analysts.

NVDA Stock falls On Wedbush’s Downgrade 

Shares of NVIDIA Corporation (NASDAQ:NVDA) are correcting after Wedbush downgraded the stock to Neutral from Outperform for valuation reasons. The firm, however, increased its price target on the stock to $300 from $220. The stock has soared 47% over the past month.

Hail, Caesar! A Mispriced Empire—Initiate at Buy, $191 PT – B. Riley Securities

Shares of Caesars Entertainment Inc (NASDAQ:CZR) are trading higher in pre-market session as analyst at B. Riley Securities started a coverage on the stock with a Buy rating. Moreover, the firm has set a price target of $191, representing a potential 90% jump from the current market price of $102. The stock is up 3% to $104.80 in the pre-market session.

B. Riley Securities’ David Bain states, “Our base-case valuation combines $143 per share for CZR’s Las Vegas and regional brick-and-mortar casino businesses, $41 per share for the digital casino business, and $7 per share for its managed casino business. Further, after elimination of double-counting from divestments used for debt repayment (creating significant net equity value from interest cost reductions), we estimate ~ $35 of probable, additional per-share value creation catalysts not included in our price target.”

Getting Better But Not Out of the Woods yet, Reiterate Buy, PT to $250 – Needham

Shares of Wix.Com Ltd (NASDAQ:WIX) are trading up in pre-market session after an analyst at Needham restated a Buy rating on the stock. Moreover, the firm has set a price target of $250, representing a potential 32% jump from the current market price of $189. The stock is up 0.35% to $189.80 in the pre-market session.

Needham’s Bernie McTernan states, “While peak uncertainty appears to be behind WIX, the range of possible outcomes, especially near-term is wider than normal. As such, we (and we believe consensus) are taking a conservative approach to modeling ’22E with only 12% core revenue growth excluding the benefits of payments and our estimate Vistaprint B2B partnership revenues in ’22, a substantial slowdown relative to the last few years.”