BMO Capital Upgrades NVIDIA (NVDA) to Outperform; 'Entering Beast Mode'

(Updated - May 18, 2020 5:15 AM EDT)

(updating comment)

BMO Capital analyst Ambrish Srivastava upgraded NVIDIA (NASDAQ: NVDA) from Market Perform to Outperform with a price target of $425.00 (from $285.00).

The analyst comments "We have stayed on the sidelines long enough on the NVDA shares. We are raising our rating to Outperform from Market Perform and raising our target price to $425 from $285. While there is no one single event we can point to which has led us to change our thinking, the continued execution on the data center side, along with the latest product rollout, has helped. We believe NVIDIA is uniquely positioned to continue to benefit from a massive shift in the compute landscape."

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 $344.94 yesterday.

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