NVIDIA (NVDA) PT Raised to $180 at Canaccord Genuity

Canaccord Genuity analyst Matthew Ramsay raised its price target on NVIDIA (NASDAQ: NVDA) to $180.00 (from $155.00) while maintaining a Buy rating.

Ramsay said their overall bullish thesis on GPU computing continues to growth and they believe the company's emergence as a platform computing company is now cemented.

In addition, "while conversation about increased competition from the Xeon Phi roadmap at Intel, new Vega/Navi GPUs from AMD and particularly in-house ASICs for datacenter acceleration continues to increase, we remain very impressed how quickly NVIDIA has segmented the product roadmap to provide more application-specific silicon to both the quickly evolving datacenter and automotive market."

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