NVIDIA (NVDA) Named Top Semi Pick at BofA Securities Given Most Upside to Estimates

BofA Securities analyst Vivek Arya named NVIDIA (NASDAQ: NVDA) their top pick in semis for 2022, saying it has the most upside to estimates from secular growth in gaming, AI/metaverse and autos.

Arya sees CY22 sales growth in the 25-30% range YoY versus their estimates of 21% and the consensus of 19%.

The upcoming GTC conference in March could be a positive recovery catalyst following macro volatility near-term, the analyst added.

The analyst reiterated a Buy rating and $375.00 price target on NVDA.

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 $272.47 yesterday.

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