Barclays analyst Tom O’Malley raised the firm’s price target on Nvidia (NVDA) to $160 from $145 and keeps an Overweight rating on the shares following last night’s Q3 report. The “modest” guidance and gross margin commentary sets the next two quarters in a better spot as the company shifts its focus over to ramping Blackwell, the analyst tells investors in a research note. The firm says Nvidia is “ace-ing the transition.”
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