- Mizuho Securities raises Nvidia’s (NASDAQ:NVDA) price target from $145 to $170 while maintaining a Buy rating.
- Analyst Vijay Rakesh cites early traction with DGX-1 and “some of the leading edge AI players adopt into 2H17.”
- Rakesh thinks 2H could see some upside with gaming surpassing conservative estimates, near-term cryptocurrency mining trends, new auto wins, and stabilization of GPU pricing.
- Source: StreetInsider
- Nvidia shares are down 0.40% premarket.
Mizuho Securities raises Nvidia price target
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