Nvidia price target raised to $225 from $200 at Piper Sandler

Piper Sandler analyst Harsh Kumar raised the firm’s price target on Nvidia to $225 from $200 and keeps an Overweight rating on the shares. The analyst is bullish going into Nvidia’s January quarter results and April quarter guidance. The firm believes management will call for a bottom in its data center business during the April quarter and that artificial intelligence growth is still in the earning innings.