Loop Capital analyst Ananda Baruah raised the firm’s price target on Nvidia (NVDA) to $350 from $250 and keeps a Buy rating on the shares. Loop’s work indicates Nvidia is about to begin a ramp of graphic processing units that will essentially double its unit shipments in the next 12-15 months, the analyst tells investors in a research note. The firm also believes the company will benefit from selling price expansion.
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