Nvidia price target raised to $230 from $200 at Mizuho

Mizuho analyst Vijay Rakesh raised the firm’s price target on Nvidia to $230 from $200 and keeps a Buy rating on the shares. The company reported a January quarter beat and guided to a strong April quarter, the analyst tells investors in a research note. The firm sees Nvidia as past the seasonal trough and says the second half of 2023 sets up with "continued DC Hopper and Generative AI ramps."