NVIDIA (NVDA) Meeting Reinforces Goldman Sachs' View of its Unique Position in Several Growth Markets
Goldman Sachs analyst Toshiya Hari reiterated a Conviction Buy List rating and $228 price target on NVIDIA (NASDAQ: NVDA) after hosting an investor group dinner with CEO Jensen Huang and other members of management at CES.
Hari said the meeting reinforced their view that Nvidia is uniquely positioned to benefit from multiple secular growth drivers over the long term including Gaming, AI, and autonomous vehicles.
The analyst sees positive revisions to Street estimates, as was the case throughout 2017, driving the stock higher.
Key topics discussed during the meeting included: the company’s strategy, the opportunity in automotive, growth in datacenter, cryptocurrencies, and opex expectation.
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Shares of NVIDIA closed at $223.68 yesterday.