Benchmark raised the firm’s price target on Nvidia to $170 from $135 and keeps a Buy rating on the shares. After hostings Nvidia for a fireside chat with investors, the firm says it came away with increasing conviction that the company is well-positioned to continue its leadership of the AI industry, with above expected revenue and earnings growth for “the foreseeable future.” Benchmark is increasing estimates for FY25 and FY26, the analyst tells investors.
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