Bernstein halves Nvidia target to $200, the 3rd broker in 2 days to step back over Huang
Three brokers stepping back in two days removes a key source of support for Nvidia, just as the stock heads into results. That makes it the third big brokerage in two days to step back from the stock as lack of clarity over chief executive…
In this article
In today's stock market today news, Three brokers stepping back in two days removes a key source of support for Nvidia, just as the stock heads into results, according to investingLive. That makes it the third big brokerage in two days to step back from the stock as lack of clarity over chief executive Jensen Huang's future deepens.
Key points
- Baird downgraded Nvidia to Neutral from Outperform and also cut its target to $200.
- Even at $200, Bernstein's target sits above where the shares are trading following hours.
- The new $200 target equals roughly 12.7 times consensus earnings of around $15.75 a share for the fiscal year ending January 2028.
- By cutting the multiple not earnings, it frames the problem as risk specific to Nvidia.
Stock market today: the details
By cutting the multiple not earnings, it frames the problem as risk specific to Nvidia, not a slowdown in AI demand. The new $200 target equals roughly 12.7 times consensus earnings of around $15.75 a share for the fiscal year ending January 2028, down from around 25.4 times at the old $400 target. Baird downgraded Nvidia to Neutral from Outperform and also cut its target to $200, from $500, referring to lack of clarity over Huang's future as well as fears about supply and visibility on 2027 spending.
Even at $200, Bernstein's target sits above where the shares are trading following hours, which suggests the bank sees the risk as uncertainty not collapse.
Why traders are watching stock market today
Equity moves reflect expectations for earnings, interest rates and economic growth. Strong or weak results from large companies can shift sentiment across whole sectors and indices.
Stock-market sentiment also spills over into currencies: risk-on moods tend to favour higher-yielding currencies, while sell-offs often support safe havens.
Market reaction and data
Crypto prices at the time of writing, from Binance spot data (2026-11-12 04:14 UTC):
| Asset | Last price (USDT) | 24h change | 24h high | 24h low |
|---|---|---|---|---|
| Bitcoin (BTC) | 73,830.01 | 0.14% | 74,811.45 | 73,390.13 |
| Ethereum (ETH) | 2,055.00 | -0.43% | 2,103.78 | 2,035.83 |
On the currency side, the latest ECB daily reference rates (2026-11-11) show EUR/USD 1.1127, GBP/USD 1.3307, AUD/USD 0.6859, NZD/USD 0.5583, USD/JPY 159.23, USD/CHF 0.8299, USD/CAD 1.4235, USD/CNY 6.6707. These are reference fixes, not live quotes.
What to watch next for stock market today
Traders will track upcoming earnings, guidance from company management, bond yields and macro data that could change the rate outlook.
Key scheduled releases on the economic calendar:
- GBP GDP m/m on Thu Nov 12, 07:00 UTC, forecast 0.0%, previous 0.1%
- USD Core PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.3%, previous 0.7%
- USD PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.4%, previous 1.3%
Follow every update in our Top 10 Forex News Today, read ANZ states RBA hike wagers have cooled, but 3.7% core inflation will keep it cautious or see all of today's top market news.
FAQ
What is the latest stock market today news?
Three brokers stepping back in two days removes a key source of support for Nvidia, just as the stock heads into results.
Why do stock markets react to interest rates?
Higher rates raise borrowing costs and reduce the present value of future profits, which tends to weigh on stock valuations, especially for growth companies.
Where does this information come from?
This report is based on coverage from investingLive, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
