Piper Sandler analyst Harsh Kumar raised the firm’s price target on Nvidia (NVDA) to $225 from $180 and keeps an Overweight rating on the shares. The firm expects the company to report another positive quarter and sees upside to estimates for both the July and October quarters. Piper cites the recent positive commentary from U.S. hyperscalers and the inclusion of revenues from China for the upside. Consensus estimates do not reflect the inclusion of China business for Nvidia, which the firm expects to start coming in towards the end of August.
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