Rosenblatt lifts ARM price target; strong royalty trends
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NVIDIA (NVDA) PT Raised to $985 at Tigress Financial Partners
February 28, 2024 4:55 PM ESTTigress Financial Partners analyst Ivan Feinseth raised the price target on NVIDIA (NASDAQ: NVDA) to $985.00 while maintaining a Buy rating.
The analyst comments "We reiterate our Buy rating on NVDA and increase our 12-month target price to $985 as it remains at the forefront of the ongoing acceleration and tipping point of AI adoption across all industries and enterprises that will continue to drive significant revenue and cash flow growth and greater shareholder value creation. NVDA recently reported Q4 revenue increased 256% Y/Y to a record $22.1 billion, driven by accelerated computing and... More
