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Mizuho Securities raises Nvidia price target

Jun. 28, 2017 7:16 AM ETNVIDIA Corporation (NVDA) StockNVDABy: Brandy Betz, SA News Editor16 Comments
  • 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. 

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