Morgan Stanley Upgrades NVIDIA (NVDA) to Overweight, Sees Gaming/Data Center Accelerating in 2020

(Updated - November 25, 2019 5:19 AM EST)

Morgan Stanley analyst Joseph Moore upgraded NVIDIA (NASDAQ: NVDA) from Equalweight to Overweight with a price target of $259.00 (from $217.00).

The analyst comments "After setbacks in 2019, we think that the company is poised for potential upside over the course of 2020, as the benefits of new gaming products become more compelling, and new data center workloads and hardware solutions drive growth."

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 $210.89 yesterday.

You May Also Be Interested In

• TD Cowen Reiterates Buy Rating on NVIDIA (NVDA), 'unlikely to move significantly on earnings'
• B.Riley Starts Weave Communications Inc (WEAV) at Buy
• Duos Technologies Group (DUOT) PT Raised to $27 at Cantor Fitzgerald on 'Extremely Attractive' Risk/Reward