NVIDIA (NVDA) PT Raised to $251 at RBC Capital; 'Data Center Likely Coming Back'
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Price: $217.56 -0.99%
Rating Summary:
58 Buy, 10 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 16
Rating Summary:
58 Buy, 10 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 16
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RBC Capital analyst Mitch Steves raised the price target on NVIDIA (NASDAQ: NVDA) to $251.00 (from $217.00) while maintaining a Outperform rating.
Steves commented, "Why: Intel noted that data center demand was higher than expected and we think Nvidia will likely experience higher growth relative to CPU server demand. Estimates: we raise our estimates for next year on improving data center growth and expanding margins. Target: we increase our target to $251 up from $217."
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