NVIDIA (NVDA) PT Raised to $260 at Piper Sandler After Web Scraping Analysis Converts Concerned Analyst

Piper Sandler analyst Harsh Kumar raised the price target on NVIDIA (NASDAQ: NVDA) to $260.00 (from $225.00) after conducting a web scraping analysis.

The analyst reiterated an Overweight rating, stating "we were concerned about the segment’s ability to grow in a seasonally strong holiday quarter with supply constraints. As we approach NVIDIA’s upcoming earnings announcement, we are a bit more constructive on the segment following our eBay scraping analysis. Overall, the data suggests there could be a decoupling between Bitcoin prices and secondary market GPU price premiums."

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