NVIDIA (NVDA) Analyst Day Shows Focus Continues to be on Platforms, Needham & Company Says

Needham & Company analyst Rajvindra Gill reiterated a Buy rating and $27 price target on NVIDIA (NASDAQ: NVDA) following yesterday's analyst day.

Gill commented, "NVDA's analyst day presentation reinforced our thesis that the company is undergoing a transformation from a component supplier to a platform-based solutions provider. NVDA is expanding its TAM by moving up the value chain and offering higher-margin, higher value-added solutions. In the midst of that transformation, software becomes a key priority, and hence the company's product suite is increasingly software-based - Tesla, Grid, Tegra. Overall, we came away from the analyst day impressed by the company's steadfast focus on its transformation and increased focus on attractive end markets."

For an analyst ratings summary and ratings history on NVIDIA click here. For more ratings news on NVIDIA click here.

Shares of NVIDIA closed at $23.25 yesterday.

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