Evercore ISI initiated coverage of Nvidia with an Outperform rating and $1,160 price target. The firm thinks investors underestimate the importance of the chip, hardware and software ecosystem that Nvidia has created and contends that computing eras last 15-20 years and are “typically dominated by a single vertically integrated ecosystem company, whose returns are measured in 100-to-1000 bagger range.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVDA:
- Netflix stock deserves place in Magnificent Seven, Barron’s says
- ServiceNow Stock (NYSE:NOW): Analysts Upbeat on Solid Business Momentum
- ‘Stay Long and Strong,’ Says Bank of America About Nvidia Stock
- Unfixable Bug Hits Intel (NASDAQ:INTC) Server Lines
- Buy/Sell: Wall Street’s top 10 stock calls this week
