Baird analyst Tristan Gerra raised the firm’s price target on Nvidia to $230 from $150 and keeps a Neutral rating on the shares. The analyst said despite below-seasonal trends in data centers and a weak demand outlook in China compounded by restrictions, guidance was resilient and Nvidia is at the heart of several transitions.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on NVDA: