Cowen analyst Matthew Ramsay reiterated an Outperform rating and $195.00 price target on NVIDIA (NASDAQ: NVDA) after hosting management for a series of Investor meetings. Investor concerns remain on the pace of DC recovery, competition, and the timing of gaming demand catalysts, but the long-term gaming/DC/auto opportunities dwarf these issues.

The analyst stated "we maintain our steadfast belief in NVIDIA's technology leadership, derived from both its accelerated computing hardware strength and broad/mature software ecosystems. We believe this footprint is tied to the most attractive secular growth verticals in the industry across gaming, datacenter and automotive, and thus will allow NVIDIA to materially outgrow its peers".

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Shares of NVIDIA closed at $146.50 yesterday.