DA Davidson Reiterates Neutral Rating on NVIDIA (NVDA)
DA Davidson analyst Gil Luria reiterated a Neutral rating and $135.00 price target on NVIDIA (NASDAQ: NVDA)
The analyst comments: "We maintain our NEUTRAL rating and $135 price target on NVIDIA following mixed results that were underscored by Data Center revenue beating expectations, but gross margin guidance coming lower than anticipated. It's expected that Blackwell supply will continue to ramp quickly throughout the year as customer demand for these systems remains strong."
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Shares of NVIDIA closed at $126.63 yesterday.