NVIDIA (NVDA) PT Raised to $135 at UBS on 1Q Beat & Raise; 'Data Center & Auto Sales Reach New Records'
UBS raised its price target on NVIDIA (NASDAQ: NVDA) to $135.00 (from $132.00) while maintaining a Buy rating, following the company's first quarter earnings report.
Analyst Stephen Chin notes the company reported revenue and earnings per share results above consensus, driven by record data center sales, growing 186% year over year, offsetting gaming sales going thru a seasonal lull, while management raised forecasts on EPS and revenue.