Deutsche Bank raised the firm’s price target on Nvidia (NVDA) to $215 from $180 and keeps a Hold rating on the shares. The company reported a “beat and raise” quarter last night with data center leading the growth, the analyst tells investors in a research note. The firm says Nvidia “expressed significant confidence” in its future data center segment growth. However, Deutsche continues to see the shares as fairly valued.
Claim 55% Off TipRanks
Forget margin or options. Here's how the pros trade NVDAPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVDA:
- Nvidia Stock (NVDA) Surges Post-Q3 with Top Analyst Cheers and White House Support
- Nvidia’s Strong Forecast Sparks Rally in Asian Tech Stocks
- Musk’s xAI, Nvidia Partner on Mega 500-MW Saudi Data Center
- ‘What Else Can You Ask For?’ Top Bernstein Analyst Cheers as Nvidia Crushes Q3 Estimates
- AI Analyst Downgrades Palantir Stock (PLTR) to Hold and Trims Price Target to $188