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BofA Securities Reiterates Buy Rating on NVIDIA (NVDA), Top Pick, 'Compelling growth at compelling valuation'

September 5, 2024 9:53 AM EDT

BofA Securities analyst Vivek Arya reiterated a Buy rating and $165.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "Reiterate Buy, top sector pick, $165 PO. Near-term NVDA faces several headwinds including: 1) fundamental (Blackwell delay, gross margin pressure), 2) regulatory (potential DOJ probe), 3) perceptional (competition,... More