Monday’s opening bell will see 2 important stocks take the limelight for their valuations: Nvidia (NASDAQ: NVDA) and Target (NYSE: TGT). Nvidia had a fabulous week following its revenue call, but investors are now fatigued by its explosive growth. In a similar NVDA fashion, the equity dipped despite delivering all that Wall Street wanted to hear.

Nvidia crushed its Q1 earnings, hiked its dividend 25x, going from $0.01 to $0.25. They also authorized an $80 billion buyback of shares, with an already existing $35 billion. Yet, the NVDA drifted slightly lower on Friday, closing near $215.33 and slumped 1.90%. Both Nvidia and Target stocks ended Friday’s closing bell in the red.

Also Read: Google Stock Gets ‘Firm Buy’ Rating From Goldman Sachs, See New Target

Nvidia Stock & Target Both Receive Bigger Price Predictions

While Wall Street called Nvidia’s dip a classic “post-earnings exhaustion gift,” analysts at Wolfe Research and Needham spent Friday aggressively raising their price targets for the stock. Leading investment bank Needham has raised its NVDA price target from $240 to $270. That’s an increase of $30 straight after the robust revenue results.

On the other hand, Wolfe Research also raised its price prediction for Nvidia stock to $275. Both the financial research firms remain bullish on NVDA’s prospects, with a profit of $65 to $70 per share. This makes the GPU maker a must-watch for Monday, as the upside potential is immense. Traders can begin to see profits as the equity could see a breakout in value and surge ahead in the indices.

On the other hand, Target stock has also received a buy call from Telsey Advisory Group’s Senior Managing Director Joseph Feldman. The analyst wrote in a note to clients that Target could reach a new high of $150 next. TGT is currently trading at the $125 range on Friday’s closing bell. Therefore, the equity could rise by another 20%, according to the forecast. In conclusion, Nvidia and Target are the two important stocks to watch out for on Monday’s opening bell.