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Technology Stocks : NVIDIA Corporation (NVDA)
NVDA 233.74-3.2%Jan 21 4:00 PM EST

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From: Frank Sully8/4/2021 11:12:43 PM
1 Recommendation

Recommended By
Glenn Petersen

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Nvidia stock gains after Rosenblatt price target boost

Aug. 04, 2021 2:32 PM ET
NVIDIA Corporation (NVDA)
by Brandy Betz, SA News Editor

Justin Sullivan/Getty Images News
  • Calling the company a best-in-class artificial intelligence play, Rosenblatt Securities reiterates a Buy rating on Nvidia (NASDAQ: NVDA)and raises the price target from $200 to $250.
  • Analyst Hans Mosesmann makes the move the day after a fireside chat with company management.
  • The analyst notes that Nvidia ( NVDA) also has "growth vectors into next generation networking/DPU adoption and early-days of autonomous driving."
  • Mosesmann thinks the $40B acquisition of SoftBank's Arm chip unit is unlikely to happen, which the Street is slowly realizing, but says the stock "will work nonetheless."
  • NVIDIA ( NVDA) shares are up 2.2% to $202.41.
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