Nvidia price target raised to $1,000 from $850 at Mizuho

Mizuho raised the firm’s price target on Nvidia to $1,000 from $850 and keeps a Buy rating on the shares. The analyst is taking a longer-term look at the artificial intelligence and custom silicon landscape. The firm cites positive AI custom silicon and ethernet tailwinds for the target increase. It sees further multiple expansion with multiple catalysts ahead.