Melius Cuts NVIDIA Price Target to $185 From $315 in Fifth Downgrade
As seen on the 24/7 Wall St. homepage on November 12, 2026.
Sell-side capitulation is now a stampede: Melius chopped its NVIDIA target to $185 from $315, the fifth downgrade of the chipmaker in under 24 hours.
Melius cuts $NVDA to Hold, PT to $185 from $315. Its 5th downgrade since last night. “We thought we had experience, but nothing prepares you for what has happened at NVDA over the last few weeks.” “The only situation remotely close ... was HP ... that time didn't work out.” https://t.co/g9tGnJ0ECE
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Melius Research downgraded NVIDIA to Hold and slashed its price target to $185 from $315, the fifth downgrade of the chipmaker since the previous night. The pace at which firms are moving together signals something more serious than routine target-trimming.
The firm stated directly: "We thought we had experience, but nothing prepares you for what has happened at NVIDIA over the last few weeks." That is a striking admission from a research house that covers the semiconductor space for a living.
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Melius pointed to HP as the only remotely comparable situation, then immediately noted: "that time didn't work out." HP's prolonged decline is well known on the Street, and invoking it signals the firm sees meaningful downside risk ahead.
Five downgrades in under 24 hours constitutes what the market calls sell-side capitulation, the moment at which analysts who had been reluctant to cut ratings finally move in a cluster. The gap between where models once sat and where Melius now sees fair value is impossible to ignore.
Mentioned: NVDA
